There are many things to take care of when a relative passes away, but cleaning out their house is often one of the hardest jobs. Learn how to manage the estate cleanout without overwhelming yourself.
The couple is presented before the judge of a First Instance Court (on the appointed date), who observes the agreement provided by the counsellor and passes judgment on the matter. This can include offers and counteroffers by the two parties, and the process can continue for as long as the...
But, like it will for all of us, her time on earth eventually came to an end. When the time came, she was very ready and died as she lived – well.A couple years before her death, my grandmom appointed me as trustee of her living trust and executor of her estate. As I go ...
Theprincipal-agent problemarises when one party (the agent) acts on behalf of another (the principal) in a situation where their incentives may not be perfectly aligned and where there is asymmetric information. This concept, which has become central to modern economic and financial theory, emerge...
An executor often puts an estate notice in a newspaper. Image Credit:Wavebreakmedia Ltd/Wavebreak Media/Getty Images For the personal representative of an estate, taking the estate through probate can be a bittersweet process. The grief of losing a loved one makes the process difficult, yet ...
some jurisdictions and states, a conservatorship is referred to as a guardianship, and conservators are sometimes calledtrustees. In California, both roles are called conservatorship, with the guardian role termed "conservator of the person" and the financial role called "conservator of the estate."...
As executor, you're entitled to take a fee from the estate from your services. The decedent may set down a fee in the will. State laws also set fees, often basing them on a percentage of the estate's value. Other states authorize whatever the probate judge considers "reasonable compensati...
as accountants may choose to work for a variety of different size companies in either the private or the public sector. Additionally, accountants may opt to work independently in their own firms. Some accountants also work as consultants. The average accountant salary will vary based on the ...
California probate law provides a simplified procedure for settling an estate with limited assets, referred to as a "small estate."
For example, an executor of an estate may be appointed through a will left by a decedent.Power of attorneymay be assigned to a person to tend to certain affairs for another person while they are out of the country or not capable of taking action for themselves. ...