coolnetcreations.com coolnetcreations.com coolnetcreations.com
Search:    Index Page :> About Us :> Privacy of Info :> ToS :> Add Url :> Submit Article   
 

Colorado Child Support in the Colorful State

Informaiton on Colorado child support laws such as applying for, establishing, calculation, enforcin ... - Holcy Thompson III
 

Fighting Identity Theft

Chances are good that you know someone who has been victimized by the fastest growing crime - identi ... - James H. Dimmitt
 

California DUI Attorney & Drunk Driving Lawyers in California

There were almost 200,000 people arrested for DUI in California alone last year. Out of those number ... - Todd Going
 
 

How to Write a Will

A will provides information about the transfer of property, ornaments or land, from the testator to ... - Josh Riverside
 

The Importance of Legal Research

You can arrange to have legal research and writing done by a variety of services. One might think th ... - Morgan Hamilton
 

How Identity Theft Occurs

In the course of a busy day, you may write a cheque at the grocery shop, charge theatre tickets, ren ... - John Mussi
 

Identity Theft Prevention

Identity theft is a malicious action that involves the taking of a victim?s identity (name, birth da ... - Jason Gluckman
 

Probate Sales

In this article well see who can sell the assets of the decadent and how it is done." - Josh Riverside
 
 

Index Page –› Politics & Government –› Legal Inheritance & Will
 

What Is Probate?

 

A death in the family can be emotionally draining what with all the necessary arrangements not only for the burial of a loved one but also for the management and distribution of any property he may have left.

Most people find it horrid to make a living will. However, the preparation of a last will and testament while a person is still alive can be beneficial to both the testator who is the person making the will, as well as his heirs or beneficiaries. Failure to make a living will can sometimes lead to disgruntlement and conflict within the family, when the testator dies.

A will can either be written or holographic. A written will is one that is usually prepared by lawyers and should follow the essential requisites provided by law in terms of the number of witnesses and the preparation of the will. A holographic will is in the handwriting of the testator and need not be witnessed for as long as it can be proven that it is the handwriting of the deceased and it was made without fraud.

A person can die testate when there is a will, or intestate when there is no will. If there is a will, then the testator's property will be distributed according to the will. This means that aside from his legal heirs, the person can also give something to other beneficiaries. If he dies intestate, then his property is distributed according to the state law. If a person dies without a will and without heirs, then his property reverts to the state through escheat.

Purpose pf probate proceedings

1. One of the most important procedures in distributing the estate of the deceased is the probate proceedings. Probate is the legal term which refers to a court procedure aimed at ascertaining the validity of a will. The probate court is also the venue where other heirs and beneficiaries can question the validity of the will.

2. The probate court will determine how the property of the deceased should be distributed. The law has already provided a certain percentage of the estate that should go to the legal heirs of the deceased including the children, spouse and parents. The beneficiaries can only get the free portion, or that percentage of the property that remains after the legal heirs get their shares.

3. Probate is also a method which allows the government to efficiently collect debts and taxes due from the decedent's property. The debts and taxes are the first priority before the property is distributed to the heirs and beneficiaries.

There are cases when a will is valid but it can be consequently declared invalid when a more recent will is found; the will was made by the decedent while mentally ill or otherwise in an incompetent state or the will did not follow the formal requisites or it was obtained by fraud.

While probate proceedings take time, effort and stress, it is the best venue to make sure that all the issues involving or that may be hurled against a will is settled according to law. This would be advantageous to the heirs and beneficiaries since a probated will makes sure that the properties they will be getting are legal. The probate proceeding is also a good defense against the claim of other parties in the future.

Author: Robert Thatcher
 
Author Bio:
Robert Thatcher is a renowned writer. Robert likes to compose articles about this field.
This article can be searched using: inheritance tax, do you pay tax on inheritance money, inheritance tax federal, inheritance trilogy
 
 
 

Related Articles

 
Wills and Trusts
 
Identity Theft: The G.I. Blues
 
One of the Answers to Why Cambodia Has Sluggish Development
 
Identity Theft Prevention with Firewalls
 
Probate Research
 
Identity Theft Prevention
 
Canadian Immigration Supporting Documentation
 
Will You, Won't You: Why You Need A Last Will And Testament
 
An Introduction To Living Wills
 
Nevada Corporation Law
 
 
 
Multiple links exchange
 

Finance & Investment

Property & Estate

Self Healing

Shopping & Auction

Music & Entertainment

News & Events

Medicine & Treatment

Hygiene & Health

Politics & Government

People & Society

Research & Science

Creative Arts

Companies & Business

Home & Garden

Automobile & Automotive

Sports & Adventure

Food & Recipe

Children & Teens

Education & Reference

Internet & Computers

Employment & Careers

Travel & Accommodation

Fashion & Relationships

Games & Play


 
Index Page :> Privacy of Info :> ToS
© 2006-2008 www.coolnetcreations.com All Rights Reserved Worldwide.