Representing individuals through the probate process to ease estate ownership transition.
To get you started, here are some questions that we are asked frequently:
If a person dies leaving tangible personal property assets that exceed $75,000 or real property that exceeds $100,000, as valued at the time of his or her death, AND the person dies intestate or without having properly disposed of his or her property during life, then the administration of the person’s estate will likely have to proceed through the probate court.
No. Everyone has an estate. It is the value and the size of the estate that changes based upon the wealth of the deceased person.
No. A will alone does not guarantee anyone that his or her estate will avoid administration through the probate court.
No. While powers of attorney may be helpful in avoiding the need to establish a guardianship or conservatorship, there are certain circumstances under which the establishment of a guardianship and conservatorship may still be necessary.
Not necessarily. Whether or not you should consider setting up a trust depends on your individual needs. The utilization of pay on death or transfer on death designations and beneficiary deeds may allow a person to avoid the necessity of a trust.
Our experienced attorney to assist you through this process is:
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I utilized Karp and Weiss to assist me with a settlement matter. I would recommend Karp and Weiss to my friends and relatives.