Monthly Archives: May 2024
What Happens if the Personal Representative Cannot Fulfill Their Duties?
After someone dies, the personal representative of the decedent’s estate serves a crucial role. The personal representative is responsible for administering the decedent’s estate. The administration process, also called probate, entails gathering the estate assets, valuing the assets, notifying creditors and beneficiaries, paying debts, and distributing inheritance to beneficiaries. If you recently lost a… Read More »
Inheriting a Family Business: Some Crucial Things You Should Know
A family business is a type of business that is owned or run by members of one family. Family businesses have several advantages over other business entities, including long-term focus and commitment, which contributes to stability, continuity, and legacy, a dedicated workforce, and personal investment. When a family business owner dies, it is common… Read More »
Tips To Help Siblings Resolve Probate Disputes
Sibling disputes are bound to arise after a parent dies and the probate process begins. During probate, sibling disputes can arise from various factors. Some of the main causes of sibling disputes during probate include unclear Will instructions, unmet expectations, unequal distribution, external influences, poor communication, and lack of trust. Unfortunately, sibling disputes during… Read More »
