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What is Probate?
Probate is the legal process that takes place after a person’s death, during which legal documents (such as wills and trusts) are reviewed and enforced.
A person’s will generally must be validated by the court, after which the person’s assets are distributed to the heirs accordingly. If there is no will, then the probate court will decide how to distribute the assets, which may not be consistent with the deceased’s actual wishes.
Typically, a probate court will make public a deceased’s estate is under review, which will allow for any and all claims on the deceased’s estate. The court will then determine the validity of their claims, and the costs of probate are generally absorbed by the heirs.
Do I Need Professional Help to Prepare a Will?
Should I Notarize my Will?
How do I get IPO shares?
Another way to participate in IPOs is to pick up shares of mutual funds and ETFs that invest in them for you
What are My SEP IRA Investment Options?
SEP IRA investment choices are determined by the financial institution at which your SEP IRA is established
What Types of Life Insurance Exist?
There are more than a few types of life insurance, and more are introduced as time passes. Term life is the most common
What is a Life Estate?
A life estate is often created by an older parent when they sign over the house to their adult children
What does correlation mean?
Correlation is a statistical measure of how two or more securities move in relation to each other, over a given time
What is a Balance Sheet?
A company's balance sheet gives a picture of how all the assets, liabilities, and equities of the company "balance out"
What is Accrual Rate?
Accrual Rate is the rate at which a nominal interest rate is credited to an account that will be paid out at a later time
What is a currency symbol?
Currency symbols are characters written or typed in a specific arrangement alongside the numerical values of a currency
Is there any truth to saying “sell on Rosh Hashanah, buy on Yom Kippur?”
An old saying stipulates that you should sell your positions on Rosh Hashanah, and establish a new position on Yom Kippur
What is a long position in options trading?
To be “long” means to own a security, and to essentially be bullish on it. When people buy stocks, they are "long"