The probate process is an organized court method to gather all of the property of the individual, pay all of his or her bills, determine the appropriate beneficiaries to receive the property and make the actual transfer.
The issue where an elderly mother or father wants to add their child’s name to one or more of their bank accounts. Most elderly clients and children don’t realize the risk that this small transaction creates
Unlike financial assets, which can generally be divided easily amongst heirs, tangible personal property is unique. And the complexity of distributing a lifetime’s worth of possessions is something that many people overlook.