Welcome to Wealth Bequests, where we offer expert probate services designed to streamline the complex process of estate administration. With our team of seasoned professionals, we provide comprehensive support tailored to your unique needs, guiding you through probate with compassion and efficiency.
Whether you’re navigating the distribution of assets or resolving disputes, we’re here to alleviate the burden and ensure a smooth probate experience, allowing you to focus on what matters most during this challenging time.
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Tailored strategies to secure your legacy and protect your assets.
Precision planning to maximise wealth preservation and inheritance distribution.
Achieving your estate planning goals with confidence and peace of mind.
At Wealth Bequests, we're all about making sure your stuff goes where you want it to go without any headaches. Let's chat about your goals and sort out the details together. Your legacy is important, and we're here to make sure it's in good hands.
We believe in a one-size-does-not-fit-all philosophy. Your situation is unique, and so is our approach. We tailor our services to match your specific needs and aspirations.
Our philosophy centers around simplifying the complex world of estate planning. We aim to provide you with a streamlined and stress-free experience.
Probate is the legal process through which a deceased person’s will is validated by the court, and their assets are distributed to beneficiaries according to the terms of the will or the laws of intestacy if there is no will. It involves identifying and inventorying the deceased person’s assets, paying debts and taxes, and distributing remaining assets to heirs.
Probate is typically required when a person dies with assets solely in their name. However, the necessity of probate varies depending on state laws and the type and value of assets involved. Assets held in joint tenancy, trusts, or those with designated beneficiaries (such as life insurance policies or retirement accounts) often bypass probate.
Yes, probate can often be avoided or minimized through estate planning strategies such as establishing living trusts, joint tenancy arrangements, payable-on-death designations, and beneficiary designations for assets like retirement accounts and life insurance policies. These measures can help streamline the transfer of assets outside of probate.
The duration of the probate process varies depending on factors such as the complexity of the estate, the presence of disputes among heirs, and state probate laws. In general, probate can take anywhere from several months to a few years to complete.
Probate costs typically include court filing fees, attorney fees, executor fees, appraisal fees, and other administrative expenses. These costs can vary widely depending on the size and complexity of the estate and the location where probate is conducted.
If a person dies without a valid will (intestate), state laws dictate how their assets will be distributed. Typically, assets are distributed to surviving spouses, children, parents, or other relatives according to a predetermined order of priority outlined in state intestacy statutes. Probate still occurs in intestate estates to oversee the distribution process.