The court process by which a Will is proved valid or invalid.
The legal process wherein the estate of a decedent is administered.
means a contract under which the issuer agrees to make payments for a period of time determined in whole or in part by reference to the life expectancy of one or more individuals and includes a contract means a fund that is established to provide retirement, disability or death benefits to beneficiaries that are current or former employees (or persons designated by those employees) of one or more employers in consideration for services rendered, if the fund, in respect of a contract held by a policyholder, means the greater of the amount that the policyholder is entitled to receive upon surrender or termination of the contract (determined without reduction for any surrender charge or policy loan) and the amount the policyholder can borrow under or with regard to the contract, but does not include an amount payable under an insurance contract means an institution that is, by law or government sanction, the principal authority, other than the government of the jurisdiction itself, issuing instruments intended to circulate as currency and may include an instrumentality that is separate from the government of the jurisdiction, whether or not owned in whole or in part by the jurisdiction.
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“Otherwise capable and intelligent people don’t always do proper estate planning because they don’t want to address their own mortality.” It would be a terribly romantic story if it weren’t a terrible mistake.
Years or even decades after a divorce, your ex-spouse could still inherit a portion of your estate if you didn’t update the beneficiary form on your IRA.