What happens in California to a loved one’s debt in the wake of his or her passing?
Even the estate of a deceased planner who executed a will goes through the process known as probate.
“Standard and uncontested.”
We've all heard adages like this before: You wouldn't hire a plumber to perform surgery, so why would you … ?
It's a safe bet that the three former wives of famed -- and now deceased -- song writer/guitarist Jerry Garcia do not hang out together listening to Grateful Dead albums.
If you were asked to be the executor (often called personal representative) of a loved one's estate, that obviously means that trust was imposed in you regarding a very important matter.
Now that your children are adults, you might expect that they would be able to handle dividing up your things and taking care of your final arrangements without a lot of conflict. This might not be the case, even if your adult children get along. Money and assets are often the sources of contention when adult children handle their parent's estate. You can take steps now to minimize the chance of a battle over your estate occurring when you die.
A commentator in a news article from earlier this week discussing the convoluted estate of pop legend Prince -- it's probably unobjectionable to anyone to simply call the Purple One's estate a mess -- notes that there are essentially three entities involved in many estate matters. Namely, those are family and close acquaintances, charitable organizations and government tax authorities, respectively.