by Knee Law | Aug 28, 2021 | Estate Planning, Living Trusts, Probate
One big reason that people draw up revocable living trusts is that they want to avoid the probate process. Probate is a court-supervised process that can take several months, or even years, to complete. Then your will is a matter of public record for everyone to see....
by Knee Law | Jun 30, 2021 | Probate, Probate Administration
How the Probate Process Handles Debts If your loved one has recently died and has left property, a mortgage, and some debts, it’s likely that the estate would be taken through the probate process. In 2016, only 44% of people in the U.S. had created an estate...
by Knee Law | Apr 25, 2021 | Probate
Should You Try to Avoid Probate? With over $2 billion being spent in probate each year, more and more people are starting to wonder if probate is right for them. Probate is a lengthy process that involves validating a person’s will and paying taxes on their...
by Knee Law | Nov 23, 2020 | Probate
Why COVID-19 Has Made Many Look to Avoid Probate The COVID-19 pandemic has negatively impacted many aspects of our lives, making many people look to do whatever they can to avoid in-person meetings. This also applies to probate, the process by which an estate is...
by Knee Law | Aug 8, 2020 | Probate
Making a Probate Filing in NJ During the COVID-19 Pandemic The ongoing COVID-19 pandemic has caused businesses, courts, and government agencies to alter how they operate, which has resulted in changes with how probate filings are being carried out. While the courts...
by Knee Law | Oct 29, 2019 | Probate
Executor’s Role in a Closed Probate Probate is a good idea when it comes to asset distribution, but it isn’t necessarily a requirement in New Jersey. Movies have shaped our way of thinking about executors and closing estates; you might think there is a dramatic...
