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Investments glossary

Waiver Of Notice


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Quotes of the day:

Love cannot endure indifference. It needs to be wanted. Like a lamp, it needs to be fed out of the oil of another\'s heart, or its flame burns low.

— Henry Ward Beecher

A waiver of notice is a document individuals sign which legally waives their rights to receive formal notices regarding certain probate issues. For example, let’s assume a family patriarch named Charley passes away, and that his estate is meant to be distributed among his three children: Michael, Sally, and Melissa, who are his sole heirs. Under normal circumstances, the probate court must issue a public notice regarding proceedings pertaining to the probate of Charley’s will. However, if Michael, Sally, and Melissa–all of whom have deeply vested interests in Charley’s assets, consent to waivers of notice, an appointed administrator or executor may attend in their places. By sending such representatives in their stead, courts can accelerate the the probate process, thus benefitting Charley’s heirs by ultimately allowing them to receive their inheritances faster, as a result.


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