Should I Use a Bank as My Executor Instead of a Family Member?
What are the advantages, disadvantages and financial implications of appointing the bank as an executor of my will, instead of my child or relative?
What Is Probate and How to Prepare for It?
We have all heard the term ‘probate.’ However, we may not be exactly sure what this means. It may sound daunting, but don’t be intimidated by the phrase.
What Does an Executor Actually Do?
One common trouble that many executors overlook: dispersing personal possessions that have little financial value but great sentimental value.
How Does a Probate Proceeding Work?
Although most people would not want a court proceeding on death, many people mistakenly think that a will avoids one.
Where Should I Keep My Estate Plan?
Congratulations, you have finally signed your estate planning documents. Now, where do you keep them?
The Estate Planning Goal of What To Do with Mom’s House
The executor is responsible for finding a buyer and doing all that is necessary to get the best price possible.
Does Estate Planning Include Your Account Passwords?
Estate administration in the digital age requires having a strategy to share passwords to your computer, email and online accounts. Without that, things quickly get complicated.
Now You Are Executor of your Spouse’s Estate, What Happens Next?
Like many couples, Susan and Larry, who were married for 46 years, had divided the financial chores. Larry handled the investments, and Susan paid some bills. Though Ms. Alpert owned a business arranging travel incentives for large corporations, she was not prepared to manage the household’s financial affairs.
Wills v. Trusts: What’s Right for You?
While we are young, many of us neglect to consider what will happen to our family and property after we pass away. Youth gives us the illusion of invulnerability, but the truth is that tomorrow is not promised to anyone.
How Can I Goof Up My Estate Plan?
Even a small mistake can create huge problems during the settlement process, and in many cases, these errors are impossible for anyone to correct.