The appointed executor or administrator of the estate cancash checksfor the estate. According to theNew York Bar, the probate court must approve this personal representative, and they may be someone specified in a will, someone chosen by the court if there's no will or someone who chose to ...
People sometimes die with uncashed checks in their possession, or with money owed to them, such as paychecks. The estate’s executor must open a bank account to accept and hold this money. She also should close any other bank accounts in the deceased’s name and move the money into the ...
Evaluate Your Estate Plan Even if your assets are relatively modest, you should have a plan for what would happen to them if you were to die. Review yourwillortrustto make sure you're happy with your choice ofexecutorortrusteeand anyone to whom you've grantedpower of attorney. Reviewbenefi...
Make sure your attorney is still in practice and, if not, find yourself a new attorney whom you can trust. The Right People Estate planning is fundamentally about people. We want to make sure that our loved ones will be provided for when we’re no longer here. We want assurance that ...
the creditor has a right to try to collect those monies from the deceased's estate (previous debts are not automatically discharged with the death of the debtor); in the latter case, it is up to a responsible agent (usually the executor of the decedent's estate) to inform other parties ...