How Probate Works. A Guide for Executors, Heirs, and Families.
New law in NY to protect grieving families from debt collectors. Better late than never?
Links:
https://www.the-leader.com/news/20190329/stronglaw-to-shield-next-of-kin-from-debt-collectorsstrong
https://www.consumer.ftc.gov/articles/0081-debts-and-deceased-relatives
The King of Pop died in 2009, but even deceased he’s still one of the highest earning celebrities.
With his name in headlines recently, let’s answer some questions about his net worth, how much his estate earns, and who benefits?
Doesn’t it feel like everyone is telling you it’s “so easy” to make money with probate real estate?
So let me share the real deal, from the perspective of a professional executor and probate attorney. That means I’m the guy actually selling the probate real estate.
If a foreigner or non-resident alien died owning US accounts, the estate may owe US estate tax.
Any US bank or brokerage will need proof of tax clearance before they can release any funds to you.
Let’s talk about:
When does US estate tax apply?
How much is US estate tax?
What are the steps to get US estate tax clearance?
Does this sound like you? “My uncle (or grandfather or other relative) died. I think he left me something. How do I find out if there are any assets?”We get these calls all the time.Let’s talk about why a lawyer isn’t the best person to call (yet), a few things you can do on your own, and when to hire a professional.
(1) When the Executor Fails to Preserve the Value of the Estate, (2) When the Executor Appears Biased, (3) When a Beneficiary Steals Estate Items, (4) When Siblings at Odds Inherit a Piece of Property Together, (5) When Co-Executors Disagree on How the Estate Should Be Administered
(1) Former pension and retirement plans, (2) Life insurance policies, (3) Federal tax returns, (4) State departments of taxation…
Expecting an inheritance windfall? You’re probably already making plans for what to do with the money. But there are a few things you can—and should—do to maximize the long-term value of your share of the estate and honor your loved one’s legacy.
Anthony shares the mic with his friend, Maureen Pritchard, a probate and estate attorney. Estates are always an issue to families of a decedent, and to clear things up in this area, Maureen shares her expertise with us. Listen as she answers common questions regarding probate and the decedent’s estate.
