Articles tagged with: Probate Planning
One of the goals many people have in Estate Planning is to minimize taxes and other estate administration costs such as probate fees. The purpose of probating a Will is to establish the authority of the personal representative to deal with the estate assets. Although the authority of Executors (now called “Estate Trustees”) stems from the Will, financial institutions and other third parties sometimes require judicial confirmation that the individual purporting to be the Estate Trustee has proper authority. Where there is a Will, the court is simply verifying that …
