When estate planning, you will need to choose a person to act as your personal representative. For instance, you will need an executor to carry out the terms of your will. Many people also pick a power of attorney, which is a person who can make medical and financial...
An executor will handle the vast majority of your estate affairs after your death. For that reason, you certainly want to pick the best possible option available. Most people, perhaps including yourself, will lean toward selecting a relative to serve as executor. But...
If you are making your estate plans, you should think about whether your candidate to be your estate executor can handle the tasks required of him or her. Debt may be a particular concern of yours. If you owe money to different parties at the time of your death, your...
Without an estate plan, your death could classify as “intestate.” A probate court judge may then appoint a personal representative to distribute your assets. The Florida Bar’s website notes that individuals, banks and financial trust companies may serve as an estate's...
When you prepare your estate plan, you probably hope to minimize family conflict with the inclusion of succinct instructions. However, there is no way of knowing exactly what will transpire after your death. An executor can make a considerable difference in the...
An estate's executor has several responsibilities when wrapping up the deceased's affairs. You may wish to name an individual you can begin discussing your assets and debts with, as noted by Kiplinger's Personal Finance. While you’re alive, you may change the contents...
Estate planning may often seem overwhelming when everything lies before you. The need to ensure your property and assets are taken care of after you pass is critical. If you are like many others, you want to ease the transition of your estate to the beneficiaries you...