Tag Archives: survivorship
What Happens if the Beneficiary of a Will Has Passed Away?
If one of the beneficiaries of your will dies before (or shortly after) you do, it can be difficult to determine who inherits the property. There are a number of factors that influence this determination: Survivorship: Survivorship requirements determine the amount of time a beneficiary must live after your death to be able to inherit […]
What Is Probate and Do I Want to Avoid It?
Probate is a process used to identify and gather the assets of a deceased person, or decedent. This process is court-supervised and used to pay the decedent’s debts or distribute the assets to beneficiaries. The assets are typically used to pay the cost of the probate proceeding before being applied to debts. The remainder, if […]