Probate fraud is prevalent in estate settlement and you must remain vigilant in every step of estate management to ensure fair distribution.
Where do I start? What does my will need to say?” From identifying your assets and debts and designating beneficiaries to appointing an executor, this guide serves as a roadmap forcreating a will. For the most peace of mind, use this guide in addition to consulting with...
LETTER OF ADMINISTRATION IN NIGERIA: HOW TO ASSUME CONTROL OF THE ESTATE OF A DECEASED PERSON (1) If someone has died and has left behind money in the bank, landed properties or personal belongings, and you want to take over these assets, or want to administer, manage, distribute, or sel...
If the executor does not remove the furniture from the home before you take possession, move it to a safe location, such as a garage or one room of the house. At the end of the probate process, after all the costs of the estate, debts and taxes are paid, the furniture still belongs...
In the will, the writer names anexecutorwho oversees theliquidationand distribution of the decedent's assets according to the terms of the will. The executor must also pay off any outstanding debts and taxes on the estate. The Executor's Job ...
If you’re the executor of the deceased’s estate, check through safe-deposit boxes and personal files that may store the paperwork. You could also visit the bank of the deceased to request paper statements if you have power of attorney. This will allow you to see who premiums were paid ...
One exception allows a surviving spouse to be barred from receiving what’s known as the elective share of the estate if the surviving spouse abandoned the deceased spouse. Ocasek wrote that his wife had abandoned him, but Kiely noted the abandonment exception is limited and difficult...
See how married couples can combine individual gift tax exclusions to help enhance the benefits of estate planning.Private Wealth Management Key takeaways Gift splitting allows a married couple to combine their individual gift tax exemptions to help enhance the benefits of tax-free gifting. This ...
You will need to provide a death certificate and other legal documentation, such as proof of being a beneficiary on the account or that you are an executor of the estate. Can you close a bank account online? Many banks offer the option to close accounts online. Check your bank’s web...
When we are ‘good mothers,’ we begin to define ourselves by our mothering. While this can be positive and can encourage us to fulfill our role responsibly, by totally adopting that definition we can forget all the other aspects of ‘me.’ ...