In January 2005, my father filed a complaint with the Nassau County, New York, District Attorney against my sister, Terri, who he’d recently discovered had been embezzling millions of dollars from both my parents, as well as from me. The DA began an investigation. Around the same time, ...
An executor 'appointed in terms of a will' may personally liquidate a deceased estate. An agent may be appointed to liquidate the estate on the executor's behalf. In terms of regulations issued under the Act, 'Regulations prohibiting the liquidation or distribution of the estates of deceased ...
Relying on an inexperienced executor.It's only natural to want to appoint an executor to your estate who knows you, knows your family, and can be trusted. And that's all good. But one mistake plenty of people make when it comes toreal estateis to tap an executor who doesn't understand...
Another option is to keep your login credentials in a password manager such as LastPass or 1Password. These tools typically have a “notes” field that would allow you to include details about how you’d like the account to be handled. You would need to provide your executor with the maste...
Executor of her will? Her income is like a health care professional? Does she have a sizeable estate or trust? Do you know the terms of that? Wouldn't it be awful to have been ponying up for her care for all these years, and then she turns around and shafts you in her wi...
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...