When a person passes away and leaves real property, a house, to more than one beneficiary, it sometimes leads to a discussion about whether or not one of the beneficiaries can purchase or buy out the other beneficiaries? The answer is it depends. First an appraisal...
Upon the death of the testator—the person who made the will—probate will be opened if the testator died owning accounts or property in their sole name and without a properly completed beneficiary designation form. Probate is the court-supervised process in which the...