As the executor of a will, it goes without saying that you will want to make all the right decisions in a timely manner. Unfortunately, this can lead to a situation in which you get ahead of yourself. It's a common mistake to pay bills too quickly. While you don't...
Year: 2017
How to preserve your health care wishes
When it comes to estate planning, many people only think about what will happen to their assets upon their death. While this is important, there are other things you need to think about. An example of this is your health care wishes. Even you are unable to make your...
What are the biggest challenges facing executors?
If you find yourself the executor of a will or trust, you know that you have been staffed with a big responsibility. While there are many steps you need to take to push the process forward, you don't want to get too far ahead of yourself. Unfortunately, you could be...
What mistakes do people make when creating a trust?
From an estate planning perspective, creating a trust may be the best decision you can make. As you begin to learn more about this option, it's important to focus on what you should and should not be doing. Here are some of the many mistakes that people continually...
Can a debt collector contact you after a loved one dies?
When a loved one passes away, it goes without saying that it will take quite some time to get your life back on track. As you grieve, you may be responsible for tackling a variety of tasks. Don't be surprised if a debt collector contacts you in an attempt to discuss a...
Understanding a conservatorship
A conservatorship may sound like a good thing, but it can actually lead to an expensive and time-consuming court proceeding. In short, a conservatorship is the legal authority for one person to make decisions regarding another's living situation, finances and health...
What’s the best way to care for a pet after your death?
As you create an estate plan, you'll spend a lot of time thinking about what will happen to your loved ones after you are gone. For many people, this also means their pets. There are many ways to ensure that your pets are cared for after your death, with these three...
What are the top mistakes made by executors?
Serving as an estate executor is easier said than done. This may appear simple and straightforward on the surface, but things can soon become complicated if you don't know what you are doing. Here are some of the top mistakes made by executors: -- Paying bills right...
What does trust administration entail?
A growing number of people are creating trusts, as opposed to relying on simple wills. While there are many benefits of moving in this direction, you need to answer this question: What will happen with your trust once you pass on? This is when the trust administration...
It’s good to know what happens in probate
As you create an estate plan, you may want to learn more about the probate process. If nothing else, you should learn what happens and where you fit in. Although every situation is unique, probating an estate typically includes the following: -- Collecting all probate...