What Is Intestate Succession?
Intestate succession describes the process of how a deceased person’s property is distributed when they haven’t left a will. When someone leaves a will, their assets are distributed according to its terms. But if someone dies without writing a will, their property must be distributed according to the laws of their state. If you want […]
What Is Intestate? What Is The Difference Between Probate And Intestacy?
If you die without an estate plan—a Last Will and Testament, a Power of Attorney, a Living Will, and so on—you will be considered “intestate.” In other words, there is no legal document that states how you want your assets distributed after death. When this happens, the state must intervene and determine who gets what […]
What Is A Family Trust? A Step By Step Guide
Setting up a Family Trust can be complex and If you don’t know where to start – or if you want to check that you’ve covered everything – use our step-by-step guide for setting up a Family Trust. What is a Family Trust? A Family Trust is a type of structure that holds assets for […]
What Is A Letter Of Administration And What Do You Need To Know?
A letter of administration is a legal document issued by a probate court. It grants the recipient the authority to distribute a deceased person’s assets and settle his or her debts. It can also be used as proof that the recipient has the legal right to act on behalf of the estate. In most cases, […]
Next Of Kin In Estate Planning
What does Next Of Kin mean in Estate Planning? The term is used to refer to the person related to you who will inherit your assets if you don’t have a valid Will. Your Next Of Kin might not be a blood relative. Here’s what you need to know about using the term in Estate […]
Importance Of Estate Planning: Transfer Of Property
A commonly overlooked area for most people is how to handle the transfer of property after the Owner’s death. Most people are focused on deciding what to do with their assets during their lifetime but not how to ensure how things should be handled after they pass away. Real-world assets and Digital Assets require different […]
Clocr’s Comprehensive Guide To Understanding Probate
Are you confused about what probate is and how it works? Well! Don’t worry, you’ve landed on the right page. In simple terms, Probate is a legal process in which a Will is reviewed to check whether it’s valid or not. But, it can also refer to the general administering of a Will or […]
NFT Art Made Simple: What You Need To Know?
Scott Martin who goes by the alias Burnt Toast has created Doodles, a collection of 10,000 NFTs which has made more than $165 million in sales. Not only has this collection made headlines but has also brought back attention towards the magic of NFTs for Digital Art and Digital Artists. As the sale of the […]
How to Create Your Will Easily?
Creating a Will is a complicated process for most people. It is a procedure with several steps and documents. Often, people have to talk to several authorities while preparing a Will. A Will is a crucial document instructing your successors to handle your estate. A legal Will ensures that your wishes are carried out after […]
Choose Your Power of Attorney (POA) Wisely
Several valid reasons can require you to create a power of attorney. They can be used if you become incapacitated or unable to handle your affairs. Holding the role of an agent under a power of attorney agreement is one of the most sensitive positions you can hold in law, especially if your principal cannot […]
