Tag Archives: Bank Accounts

WHAT ARE NON-PROBATE ASSETS?

Assets that are not required to go through probate are commonly referred to as “non-probate assets.” This term causes significant confusion amongst our clients and readers. This term simply refers to any assets which transfer automatically at the time of … Continue reading

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Joint Bank Accounts In Probate Court

Well-intentioned family members often add a loved one to their bank accounts. There are a variety of reasons this may occur: shared expenses, planning for final expenses, long-term care concerns, or a potential for future incapacity. In many of these … Continue reading

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What is a Small Estate?

In South Carolina, opening a small estate is a convenient alternative to opening a full estate.  It’s a quick and cheap option available to some depending on the value of the decedent’s property that needs to be transferred.  The small … Continue reading

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Personal Representative’s Duties: Duty to Inventory Assets

Once serving as the Personal Representative, it will be necessary to take an inventory of all assets owned by the decedent at the time of his or her death. These items have to be recorded on the state approved form … Continue reading

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