What is the difference between an executor and a beneficiary?

For estate administration matters, executors and beneficiaries are both categories of individuals involved in the process. Beneficiaries are those individuals who are named in a deceased individual’s will to receive a possession or some part of their estate. Executors are individuals who are named in the will to execute this process. They have responsibilities to […]

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How is a trust beneficial?

A trust provides a way to pass assets outside of the probate process. Due to this, it can take a shorter amount of time to pass from the owner to the beneficiary. By avoiding the Surrogate Court, it makes it quicker to obtain. Trusts also have tax benefits as well. The benefits can vary depending […]

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Who is named in a will?

When individuals create a will before they die, they name various loved ones in their will to receive their possessions. The people who receive possessions from the deceased individual are called beneficiaries. Along with these people, an executor is named in the will as well. The executor is the individual who is in charge of […]

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What does the probate process include?

Dealing with the death of a loved one is a sad experience that causes emotional turmoil. When they pass away, families may be left handling their estate. In order to prepare, it is best to seek estate administration options. The stress of planning legal and financial issues may be something families cannot bear after a […]

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