If your loved one dies and leaves behind a significant portfolio of stocks, navigating the legal process to liquidate those assets can be complicated and often stressful. If you are the executor or the trustee in charge of handling the estate’s property, the complexities are even more significant. A beneficiary of a deceased loved one’s […]
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If you believe your inheritance has been stolen, the first step is to contact an experienced probate litigation attorney. They can help you understand your legal options and what type of proof you will need to recover your stolen inheritance successfully. The steps you will need to take to address the theft depend on how
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When someone passes away, all of the real estate and personal property that they currently own individually becomes “estate property.” This means that, until the property is distributed to the deceased’s heirs and beneficiaries, their assets are simply considered to belong to the estate. Estate property includes personal property like cash, stocks, vehicles, clothing, furniture,
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A life estate is a type of real property interest that grants someone ownership rights for their lifetime or someone else’s lifetime, and grants a future interest in another person or persons, known as “remainderman” or “remaindermen.” The owner of the life estate, known as the “life tenant,” generally has the right to possess and
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Executive Summary Glossary Heirs’ property – This property is any property that is easily passed between multiple generations without the need for local probate court intervention based on a clear legal claim that an heir has to the property. Introduction When people pass away, they often leave behind bank accounts, investment accounts, retirement accounts, real property
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A trustee does not need beneficiary approval to sell trust property. However, a trustee who wants to avoid litigation would be wise to at least seek approval of the trust beneficiaries, and, at a minimum, be able to substantiate why the property was sold and how that sale benefited the trust beneficiaries. Have questions? Schedule
Can a Trustee Sell Property Without All Beneficiaries Approving? Read More »
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