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If there is no will, or no executor is named, a family member or individual appointed by the family of the deceased may serve as executor. However, a judge must determine that the appointed person is suited for the task and give them the right to serve as executor. In the event that ...
It is not permissible for MetLife or its employees or agents to give legal advice. The information in this article is for general informational purposes only and does not purport to be complete or to cover every situation. You must consult with your own legal advisors to determine how these ...
A trustee is responsible for managing the assets placed in a trust. With this power, they can determine how assets like money or property will be invested and distributed. Their purpose is to protect or grow the existing assets for the benefit of the beneficiaries. ...
Choosing a real estate investing niche can be tricky, but it’s essential to determine the type of property that is right for you. For instance, some investors prefer to focus on single-family homes because they are independent residences that sit on their lot and are a good source of rent...
Some of the other considerations you need to factor in before buying a rental property are: Rent– Look at ads for other rentals in your area to see what the going rate is for the size and location of your rental. This will also help you determine whether this is a good investment. ...
Determine your financial objectives and the types of assets you own. If you want to minimize estate taxes and manage high-value assets like real estate, a qualified personal residence trust (QPRT) might be suitable. For protecting liquid assets like a business, an irrevocable life insurance trust...
Learn what intestate is. Find out what it is, understand the probate process, the challenges with intestate death, succession, and how to avoid intestacy.
Most assets that are subject to probate administration come under the supervision of the probate court in the place where the decedent lived at death. The exception is real estate. Probate for real estate may need to be extended to any county in which the real estate is located. The executor...
A will is a legal document that contains your distribution plans for your assets: essentially, which person is getting what. After you die, this document will go through a process called probate. Through this system, the court will determine whether your will is valid and whether you had the...