Author Archive | Lou Silverman

business assets and probate

Business Assets and Probate

Understanding Business Assets and Probate Question: My father recently passed away. His only asset of any value was his small manufacturing business Corporation. Is his business subject to probate? Answer: To answer your question I need to briefly answer a question that I am often asked, “What is probate”? Probate is the legal process used to […]

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avoid probate, dangerous shortcuts

Don’t Create Dangerous Shortcuts to Avoid Probate Court

I recently received the following question from a reader of my Arizona Republic newspaper column: My mother recently passed away. She wrote a will, but to avoid probate she left her residence to my three siblings and me by a beneficiary deed, put her bank accounts into my name, and left a list for the distribution […]

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