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  2. What To Do If You Are the Executor of a Will - AOL

    www.aol.com/executor-220728723.html

    When probate is required, the executor of the estate must file papers with the local probate court, prove the will is valid and present the court with a list of assets and debts and a description ...

  3. Probate - Wikipedia

    en.wikipedia.org/wiki/Probate

    For example, life insurance and retirement accounts with properly completed beneficiary designations should avoid probate, as will most bank accounts titled jointly or made payable on death. [33] Some states have procedures that allow for the transfer of assets from small estates through affidavit or through a simplified probate process.

  4. Attestation clause - Wikipedia

    en.wikipedia.org/wiki/Attestation_clause

    In the United States, attestation clauses were formally introduced into probate law with the promulgation of the first version of the Model Probate Code in the 1940s. Statutes that authorize self-proved wills typically provide that a will that contains this language will be admitted to probate without affidavits from the attesting witnesses.

  5. How to prevent your investment assets from going into probate

    www.aol.com/finance/prevent-investment-assets...

    Beneficiary designations are a simple, yet effective way to prevent assets from health savings accounts (HSA) and 401(k)s from going into probate. Naming one or more beneficiaries takes just a few ...

  6. Estate planning - Wikipedia

    en.wikipedia.org/wiki/Estate_planning

    Estate planning may involve a will, trusts, beneficiary designations, powers of appointment, property ownership (for example, joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety), gifts, and powers of attorney (specifically a durable financial power of attorney and a durable medical power of attorney).

  7. Abatement of debts and legacies - Wikipedia

    en.wikipedia.org/wiki/Abatement_of_debts_and...

    For example, if James's will states that he is leaving $500,000 to his son Sam then the money would be a general devise. A demonstrative devise, is money given from a particular account. For example, "$10,000 to be paid from the sale of my GM stock." A residual devise is one left to a devisee after all specific and general devices have been ...

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