Probate proceedings have a bad reputation. Many people are eager to avoid probate at all costs. However, court oversight of estate administration occurs for a reason. Some people might embezzle from an estate without any oversight of how they manage the assets someone...
Probate often can be a complicated process. The estate must be settled, and many tasks completed. But along the way there is the possibility for disagreements to surface, leading to litigation. Disputes happen, whether among family members or due to an executor...
You were mildly surprised to discover that your parents had significant debt when they died. This scenario makes you wonder what happens to debt when someone dies and whether their child is responsible for paying it. The simple answer is “no.” The remainder of their...