Many states prohibit people who have felony convictions from serving as executor. In Arizona, however, there is no statute prohibiting you from naming an executor who has been convicted of a felony. But someone
5.3 The Corporation shall pay to the Executive a one-time “Signing Bonus” amount of $50,000, in addition to the Base Fee, less applicable deductions required by law, promptly after the execution of this Agreement and delivery by the Executive of an original signed copy to the Corporation’...
if you name your estate as beneficiary of your life insurance policy, your executor must then transfer the funds to your will’s beneficiaries. But if you name individuals as beneficiaries, the proceeds go directly to them, bypassing probate, ...
by naming beneficiaries to your bank accounts, you can actually increase the amount of deposit insurance guaranteed at that bank. Each of the unique beneficiaries designated on an account increases your available FDIC insurance by another $250,000 at that particular financial institution. Th...
If there is an alternate agent specified in the power of attorney document, the new agent can step in. If there is no other agent named in the original power of attorney document, a lawyer can petition a court to have the power of attorney revoked and ask the court to appoint a ...
Anderson says there are multiple benefits when planning is done, “First, the person can make informed decisions about who they want to appoint as their agent to make health care or financial decisions for them if they cannot do so.
Another issue is based on people assuming that the person named as the guardian also must be the executor of the will or the same individual in charge of ensuring the kids are taken care of financially. They have a hard time identifying this person especially if they don’t have family in...