before the executor actually loses or misappropriates estate assets or money. If you have reason to believe he is doing something wrong, you can file ashow cause proceedingin many states. This isn't a whole new
These plans may also include real estate, vehicles, business interests, works of art, and sometimes even debt. Most individuals prepare an estate plan with the assistance of a financial professional to guarantee that their desires are carried out precisely as they desire. Estate planning can ...
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 ...
To hold a sale,heirsorexecutormay start by soliciting bids from several estate sale companies. Bids will specify the services they provide and fees they charge. Sellers may also ask about the firms' experience, marketing plans and pricing expertise. Membership in organizations such as theAmerican ...
An executor plays a fundamental role in the execution of your will and is responsible for: Taking care of your estate Settling your debts Distributing your assets to beneficiaries Reporting to the probate court When selecting an executor, consider their personal qualities and capabilities. Trustworthine...
Pennsylvania may charge anywhere from $1,000 to $3,000 or more to draft a living trust. While you can find DIY options or use a template, keep in mind that any errors (whether in the document or when you go to fund the trust) can result in serious consequences for your estate plan...
Who can get a death certificate? In some states, you need to be a direct family member, legal representative or executor of the estate to get a certified copy of the death certificate. Other states make death certificates a matter of public record but may differentiate between an authorized ...
Probate is the process of proving a decedent's will. The executor named in the will, also known as the personal representative, must bring it along with a certified copy of the death certificate to the probate court in the decedent's home county. While
It’s essential to note that having an estate plan is important, but it’s equally important to ensure that the appropriate fiduciary of your estate plan (i.e., executor, administrator or trustee) records a deed reflecting the transfer of ownership from the deceased person to h...
6 considerations to help minimize family conflict over trusts Speak with your family about your estate plan and trust(s) in order to get ahead of potential conflicts. Write a “letter of wishes” to accompany the trust document and help guide trustee decisions and set beneficiary expectations, ...