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Inherited Land

Author: Stephen "Josh" Ralph

Inherited Land

What to Do with Inherited Land

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Inherited land comes up often in our business. Imagine this. Your Great Uncle Albert has passed away, and you were always his favorite. He never married, and had no children, so he delighted in watching you grow up. As he watched you grow, he worked hard and invested wisely, and had a lot of assets … Continued
The New Math on Inheriting Your Parents House

The New Math on Inheriting Your Parents House

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The New Math on Inheriting Your Parents House Inheriting a house from your parents can be both a sentimental and financial journey. The process involves more than just the transfer of property; it also encompasses tax implications, potential financial gains or losses, and decisions about what to do with the property. Determining the fate of … Continued
Selling a House in Probate in Virginia

6 Steps of Selling a House in Probate in Virginia

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Are you interested in selling a house in probate in Virginia? As you know, probate is the legal process of reassigning property to beneficiaries after someone passes away. This procedure can occur whether the deceased left a will (testate) or did not leave a will (intestate). The probate court oversees this extensive process to ensure … Continued
When is Probate Required

When is Probate Required?

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When is probate required? Many families formulating their estate planning strategy often start with this question. In the most basic definition, probate is a legal process that is often required following the death of an individual to ensure the orderly distribution of their assets and settlement of their debts. This short article will answer the … Continued
How Long Does Probate Take in Virginia

How Long Does Probate Take in Virginia?

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So, how long does probate take in Virginia? Well, the probate process in Virginia can be intricate and the duration can vary significantly based on various factors such as the complexity of the estate, the efficiency of the executor, the presence of a will, the court’s schedule, and whether any disputes or complications arise among … Continued
Estate executor duties and responsibilities

Estate Executor Duties and Responsibilities

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When a loved one passes away in the Commonwealth of Virginia, the task of settling their affairs often falls to the executor of the estate. Estate executor duties and responsibilities are as honorable as it is demanding. The executor, appointed through the decedent’s will or by the court, is entrusted with the fiduciary duty to … Continued
Creditor Claims Against an Estate

Handling Creditor Claims Against an Estate

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The passing of a loved one is a challenging time marked by emotional turmoil and the need for practical considerations. One critical aspect that often arises during the settlement of an estate is the handling of creditor claims. When a person passes away, their estate becomes subject to probate, a legal process that involves the … Continued
Questions to Ask a Probate Attorney

Questions to Ask a Probate Attorney

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Do You Know the Right Questions to Ask a Probate Attorney? Navigating the probate process can be a complex and daunting task, especially during times of loss and emotional upheaval. Whether you are an executor tasked with managing a loved one’s estate or a beneficiary seeking guidance on inheritance matters, consulting with a probate attorney … Continued
Dying Without a Will

Dying Without a Will – Intestate Succession in Virginia

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If you die without a will what happens? The term intestate refers to the situation of dying without a will. When someone dies intestate, their estate (which includes their assets, possessions, and debts) is distributed according to the intestacy laws of the state or jurisdiction where they lived at the time of their death; otherwise … Continued
Using a Living Trust to Avoid Probate

8 Benefits to Using a Living Trust to Avoid Probate

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Estate planning is a crucial aspect of financial management that ensures your assets are managed and distributed according to your wishes after your passing. One effective strategy is to use a living trust to avoid probate and streamline the transfer of assets. In this comprehensive guide, we will delve deeper into the concept of using … Continued
Navigating the Probate Process for a House in Virginia

10 Steps of Probating an Estate in Virginia

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Probating an estate as a personal representative can be a significant responsibility that requires careful attention to detail, organization, and adherence to legal requirements. Below is a more comprehensive guide with additional details on probating an estate: Step 1: Obtain the Death Certificate In the unfortunate event of a loved one’s passing, it is crucial … Continued
Inheriting a House That Is Paid Off

7 Benefits of Inheriting a House That Is Paid Off

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Inheriting a house that is paid off is a significant milestone that can bring a mix of emotions, opportunities, and responsibilities. It represents a valuable asset that can have a profound impact on the financial well-being and future plans of the heirs. In this comprehensive guide, we will delve into the multifaceted aspects of inheriting … Continued
Wills and Probate

Wills and Probate: Can a Will Truly Help You Avoid Probate?

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Wills and probate are integral components of estate planning that play a crucial role in ensuring the orderly distribution of assets upon an individual’s passing. Understanding the interplay between wills and probate is essential for individuals seeking to safeguard their legacy and provide for their loved ones. One common question that arises in this context … Continued
How to Avoid Probate

How to Avoid Probate

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Probate is a legal process that can be time-consuming, expensive, and burdensome for your loved ones after your passing. Fortunately, there are several strategies and estate planning tools available on how to avoid probate and ensure a smoother transfer of your assets to your beneficiaries. In this article, we will delve deeper into various methods … Continued
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