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...
Estate Administration & Probate
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...
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...
Create a special needs trust for peace of mind
Are you currently caring for a child or another loved one who has special needs? Do you worry about what will happen to this person once you pass on? If you have these types of concerns, it's important to learn more about the benefits of a special needs trust. This...
Power of attorney planning
When it comes to estate planning, there is never a good time to hesitate. Instead, every detail, no matter how big or small, should be taken care of without delay. There are many strategies to consider, with many people focusing strongly on the use of a power of...
Choosing a trustee means focusing on these overlooked details
Creating a trust may be the best decision you ever make from an estate planning perspective. However, before the process can be completed, you need to choose a trustee. This is the person responsible for carrying out the details of the trust upon your death. Many...
Who should you choose as the executor of your will?
As you create a comprehensive estate plan, you'll begin to feel better about the future. During this process, you'll be faced with many important questions. Here is one that is sure to sit at the top of your list: who is the best person to name as the executor of your...
Facing probate after the death of a loved one
When a loved one, such as a parent, passes on, it can be difficult to pick up the pieces and move forward with your life. Even so, you need to know what's expected of you to ensure that everything is taken care of in the appropriate manner. This means many things,...
What are the responsibilities of a will executor?
When creating an estate plan, there may come a time when you need to choose a will executor. Conversely, you may one day find that you are responsible for taking on this task. Either way, it's imperative to understand the responsibilities of a will executor. This way,...
Who is in charge of money left to your children?
As a parent, you naturally want to do everything in your power to ensure that your children are provided for both today and in the future. To that end, you may have taken steps to execute an estate plan that not only appoints guardians, but also identifies your assets...