Our state of the art program will interview, uncover, identify, access, submit, summarize, and also alert you if there are legal matters that may need addressing such as probate. These tasks could be completed in as little as 55 minutes.
The executor carries out the terms of the will and sees the estate settlement process through to completion. The executor should have financial savvy and patience, because that person will be responsible for collecting the deceased's assets, paying bills, submitting tax returns, submitting and petit...
Without a will, assets that don't have beneficiary designations or certain types of joint ownership are passed to your heirs based on state intestacy law, which determineswho will inherit your estate. These rules vary by state, but generally your surviving spouse will get the largest share, fo...
Making a will establishes the distribution of your assets (and the care of minor children) according to your wishes. Without a will, your assets will be assigned according to the laws of your state. Yet about a third of people over age 70, who identify as the head of household, do not...
Administrator Responsibilities for Estate Sales Without a Will by Wayne Thomas Can an Executor of an Estate Spend Any Money From the Estate? by Beverly Bird Wills & Trusts What Is an Insolvent Estate? It's not unusual for someone to have more debts than assets. If this...more ...
A standard will be good enough for a lot of people and it doesn't cost as much as people think, Parrish said. You'll name the executor, who will oversee any distribution of assets and deal with creditors, and a guardian, if you have children. ...
A will generally includes: Designation of an executor, who carries out the provisions of the will. Beneficiaries—those who are inheriting the assets. Instructions for how and when the beneficiaries will receive the assets. Guardians for any minor children. Why naming beneficiaries is important For...
In a perfect world, the executor of a Last Will and Testament will have all the information and resources they need to administer an estate quickly and
9. Choose a Responsible Estate Administrator Your estate administrator or executor will be in charge of administering your will when you die. It is important that you select an individual who is responsible and competent to make decisions.
Aletter of intentis simply a document left to your executor or a beneficiary. The purpose is to define what you want to be done with a particular asset after your death or incapacitation. Some letters of intent also provide funeral details or other special requests. While such a document m...