Investopedia

Continue to Site »

Waiver Of Notice

Filed Under »
Dictionary Says

Definition of 'Waiver Of Notice'

A legal document that waives the right to formal notification. It may be used in a number of situations, such as during the process of probating a will, or when a corporate Board of Directors needs to hold an emergency meeting. The use of a waiver of notice is commonly to allow legal proceedings to be more timely and efficient.
Investopedia Says

Investopedia explains 'Waiver Of Notice'

For example, as probate court deals with vital and sensitive issues such as wills, estates and trusts, one of the most fundamental requirements with a probate court proceeding is adequate notice to interested parties. In probating a will, a waiver of notice consents to the appointment of an administrator or executor and waives notice of the hearing on the petition. While a waiver of notice enables the probate case to proceed in a timely and efficient manner, the risk is that by waiving notice, an interested party may fail to be present when required for an important hearing.

Articles Of Interest

  1.

    Top 7 Estate Planning Mistakes

    Many people try to avoid this process altogether, making things difficult for heirs.

  2. How To Choose The Right Executor For Your Estate

    Making a careful choice now can save your heirs from a lot of problems later.

  3. Why You Should Draft A Will

    Don't trust the courts to follow your wishes - plan the distribution of your own assets.

  4. Getting Started On Your Estate Plan

    With some preparation, you can save your heirs from paying a hefty estate tax. Here are some tips.

  5. Skipping-Out on Probate Costs

    Don't let bad estate planning lead to unnecessary costs and stress for your inheritors.

  6. Why You Shouldn't Die In 2013

    Increases in estate tax rates and possible fiscal cliff implications will make things more difficult when it comes to arrangements for your death.

  7. Tax-Efficient Wealth Transfer

    Taxpayers with large taxable estates were required to take steps to reduce them before 2011.

  8. What To Do When You're Left Out Of A Will

    Discover the legal steps you can take if you are left out of a will and if fighting is worth the effort.

  9. Tax-Saving Advice For IRA Holders

    Be informed about benefits and deductions that may apply to you and avoid costly mistakes on your return.

  10. Relationships And Retirement Planning

    Older couples have many things to consider when it comes to financial planning, including wills and estate planning.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Abatement Cost

    A cost borne by many businesses for the removal and/or reduction of an undesirable item that they have created.

  2. Validation Period

    The amount of time necessary for the premium on an insurance policy to cover the commissions, the cost of investigation, medical exams and other expenses associated with the issuance of the policy.

  3. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  4. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  5. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  6. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.
Trading Center