Probate

In wills and probate work, accuracy matters and time is of the essence.

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Hello, welcome along to the latest Today's Wills and Probate podcast.

We are delighted to welcome Tishya Ray onto the discussion today.

Tish works at Octopus.

They want speed and certainty.

Great.

Probate deals?

Probate deals.

Okay, perfect.

And in Hawaii, what's going on in the market in Hawaii? Are the higher interest rates making it tougher to sell? Are they staying on the market longer? Are the prices coming down or all of the above?

Probate, I call it the government's estate plan for when you die.

You will still go through probate if you haven't transferred that deed into the name of the trust.

If you're going to have it and not use it well, don't have it.

It's surprisingly affordable and there's no excuse for not having one.

When we die, our estates go through the probate process.

Probate is the court-supervised process of validating a will, identifying assets, paying debts and taxes, and distributing the remainder to the people named in the will.

Having a clear and valid will does not eliminate probate in most cases, but it does make it much smoother.

If you don't make a will, you're choosing to let the government decide who gets what you own and who gets your kids.

And then, you know, probate, a lot of these are legal terms that most people are unfamiliar with, right? If they're, if they're, you think about lawyers and taxes and complicated family dynamics, this isn't always an easy process to get into, but Um, you know, the nice thing again about what we do and, you know, I wouldn't have stuck around for 13 years if I really didn't believe in the value of what we do, both in terms of just making life easier in a practical sense for families, but also as a stewardship activity.

Um, you know, I wouldn't keep after it, but to take care of that for families, but then also to avoid more expense and more in time.

I mean, uh, Probate, of course, is the process of going through court proceedings to sort through an estate.

And, you know, with these plans in place, a trust will avoid probate.

And, you know, court records are public records.

Welcome to the Legal Answers, Property and Probate.

Welcome back to Legal Answers, Property and Probate with attorney Sharon Legall.

Sharon is the founder of Legal Law, where she helps families and property owners navigate probate, estate disputes, and landlord matters with practical, straightforward legal guidance.

I'm Evan Mack, and today we're talking about common landlord-tenant disputes in D.C. and what landlords need to know when these issues come up.

You don't want to rent a unit that has this issue right off the bat.

Make sure the utilities, everything that you have set up there is working fine so that you don't have problems and complaints with the tenant right off the bat.

That's it for today's episode of Legal Answers Property and Probate.

If you'd like to connect with Ms. Sharon or the team or book that free consultation, visit legal.com. That's legal with two L's.

But if you have properly prepared your estate documents...

Probate is pretty smooth.

If you have not, then

that's on you.

So that is important to know.

Another thing to know about wills is it's not the case everywhere in the world, but in Australia, your will becomes public during a process known as probate.

Probate is essentially a legal process whereby a court confirms that this is indeed your will and that it is binding and valid.

That's a simple way of just explaining that process.

They just wanna make sure that whatever you put in writing, that it actually complied with the legal requirements, and they will then grant a-- they'll issue a grant of probate, which will then enable the executor to distribute the assets as per your wishes.

Um, so with the do-it-yourself kit where you are provided a template, um, that is kind of putting Bitcoin at the, at the forefront, you know, obviously Bitcoiners have certain values when it comes to privacy that they might treat differently than they would other assets like house or shares, whatever.

Um, so I guess the question is, um, with, with that template, is that more just like a guideline for you to pass on to a lawyer t- for them to kind of like finalize it and certify it to th- make sure that it is sound so that if it goes through, um-

Probate.