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A will is one of the most important estate planning tools you can ever create. With a valid will in place, you can have peace of mind knowing that your assets will go to the right beneficiaries when you die. However, not all assets belong in your will. Understanding...
If you were given the privilege to act as your deceased one’s executor then you were given a job of high honor. It goes without saying, your job is one full of trust, responsibility and timeliness to act out the deceased’s wishes. You could be held personally liable...
A will should reflect the last wishes of its maker on how their estate should be handled after they are gone. But what if they were unduly influenced into creating the will through coercion or other overbearing tactics? In such a case, the court could declare the will...
If you’ve been chosen as the executor of a family member’s or friend’s estate, you may be somewhat relieved that they designated their home to be sold rather than leaving it to one (or more) of their heirs. This can prevent a lot of complications and conflicts. Often,...
Estate planning can seem simple and complex at the same time. On the one hand, your loved one’s estate plan distributes your assets to your loved ones. On the other hand, many nuances can make a simple will more complex. An estate plan distributes what your loved one...
The word probate has a negative connotation for many people, but that is usually due to rumors they hear about the process and not their actual experience with it. In most cases, probate is not something to fear. It is actually quite helpful. According to California...
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...
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...
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...
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...
