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
If you have minor children, you should name aguardianfor them in your will. You can appoint the same person to be the trustee for your trust or you can choose someone else for that role. The Bottom Line Trusts can be a useful part of your estate plan, especially if you have minor ch...
The executor, or personal representative, is the person you appoint in your will to handle the administration of your estate throughout the probate process after your death. The role entails a great deal of responsibility, time and effort. Ask the person you intend to appoint if he is willing...
Federal banking regulations allow a bank account holder to designate another person to receive the balance of the account in the event of his death. The person designated to receive the funds after the account holder’s death is called a beneficiary. You must record beneficiaries using ...
death. Your children’s inheritances can complicate things a little. They can’t handle their own property until the age of majority so you’ll have to name a conservator to manage it for them until that time. If you don’t, the court will appoint someone. Another option is to use ...