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, o...
How to Sign a Check as an Executor of an Estate Image Credit:Devrim_PINAR/iStock/GettyImages Make Your Appointment Official Although the deceased's will might nominate you as executor, your appointment is not official until the probate court has rubber stamped it. Your first task, then, is ...
Try to think of everyone with whom your loved one might have had an ongoing personal, business or professional relationship, and notify those people of the death. If he was working, call his employer so you or the executor of his estate can collect any final pay that’s due him. Find ...
How to Go about Choosing Executor for Your EstateNancy Dilley Nancy Dilley
When it comes tochoosing an executoror manager of your estate, it's important to pick someone you trust. This individual will be responsible for ensuring the stipulations in your will are carried out according to your wishes. Look for people close to you who you believe to be: ...
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
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...
Probate is the process of making sure a deceased person’s assets are distributed according to their will, and if overseen by a court. Many people opt to name their estate planning attorney as their executor. If you’re not planning to use a lawyer, be sure to enlist someone you trust ...
An heir due to receive money or other assets can choose to decline the inheritance through the use ofan inheritance or estate waiver. The waiver is a legal document declining the rights to the inheritance. In such an instance, the executor of the will would then name a newbeneficiaryof the...
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...