If you create a trust as part of your estate plan and are choosing a trustee, the same general attributes should apply. And if you struggle to identify someone in your personal life to serve as an executor or trustee, you can rely on a professional like an attorney or accountant, ...
How to Go about Choosing Executor for Your EstateNancy Dilley Nancy Dilley
While it is possible to pick an attorney or accountant, it is more common for the individual to select a trusted family member or friend as their personal representative. This person is termed the executor of an estate. Think of the executor as the captain who steers a will through the som...
While probate court judges oversee the probate procedure of estates, they don't have the time or staff to be able to do all of the steps themselves for every estate. Rather, an estate has an executor, the person appointed by the court to manage the estate and move it through the probate...
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Someone who is named executor of a will is responsible for carrying out the wishes of the deceased according to the laws of the state. Overall, he must see that all debts are paid, tax returns are filed and taxes paid and remaining property is distribute
→ Have you been named executor of an estate? Read more about an executor’s duties What to use the estate funds for The estate account can be used to pay the decedent’s unpaid credit cards, auto payments, mortgage payments, and other debts. It is also used to pay any applicable estat...
How to Sign a Check as an Executor of an Estate Frequently Asked Questions About Estate Checks Here are answers to some common estate check questions. Can I Cash a Check Made Out to a Deceased Person? You can't simply deposit a deceased person's check into your personal account or even ...
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 ...
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. An assignor will often be...