Estate Administration: Paying Real Estate Expenses After Death
When someone you love passes away—whether suddenly or expected—it's an emotional time for family members and those closest to them. As the person responsible for handling their affairs, you must also bear the weight of handling financial and legal matters related to their property. At Cary Estate Planning, we understand this is a trying time, and we want to make…
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Inventory of a Decedent’s Estate: What Happens After It’s Filed?
The death of a loved one is never easy, and the following probate process can be an overwhelming experience for many. After all, it’s not every day you have to inventory someone’s estate—from their property to their financial assets. It requires thorough attention to detail and knowledge of state laws to ensure everything is properly accounted for. But what happens…
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Inventory of a Decedent’s Estate: What Do We Need?
As difficult as it may be to think about, there may come a time when you have to deal with the estate of a loved one who has passed away. When this happens, you will have to take inventory of their belongings to ensure all assets are accounted for and distributed properly. But where do you even start? This article…
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Can You Decline an Inheritance?
Inheriting assets from a loved one may seem like a blessing, but it can also come with legal and financial responsibilities that some individuals may not be prepared for. While many people may feel obligated to accept an inheritance, there are instances when declining it may be a more practical option. But can you decline an inheritance? Let’s explore why…
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Estate Administration: How Executors & Personal Representatives Get Paid
Estate administration is crucial to settling a deceased person's assets, debts, and affairs. It involves the appointment of an executor or personal representative to manage and distribute the decedent's property according to their wishes or state laws. Executors and personal representatives are responsible for performing various duties, including filing taxes, paying debts, collecting assets, and distributing the estate to the…
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