A legal obligation that entails mandatory conduct or performance. With respect to the laws relating toCustoms Duties,a tax owed to the government for the import or export of goods. A fiduciary, such as an executor or trustee, who occupies a position of confidence in relation to a third perso...
The Abandonment of a Life Estate in Texas Law by Teo SpenglerAdministrator Responsibilities for Estate Sales Without a Will by Wayne ThomasCan an Executor of an Estate Spend Any Money From the Estate? by Beverly BirdWills & Trusts What Is an Insolvent Estate? It's not unusual for someone to...
letters testamentary- a legal document from a probate court or court officer informing you of your appointment as executor of a will and empowering you to discharge those responsibilities work papers,work permit,working papers- a legal document giving information required for employment of certain peo...
One of the primary responsibilities of probate lawyers is to guide the executor of the will or the estate administrator through the probate process. Executors, often named in the will, are tasked with managing the deceased’s estate, but they may not always be familiar with the legal procedures...
Ok, well, this post will not go through everything in estate planning. However, we will discuss the beginnings (wills, trusts) to the end pieces (probate,executor of estate). What is a Will? A last will and testament is a legal document that specifies who gets your stuff when you die...
in the Scots law of succession, the official document that allows the executor to administer the estate. It reproduces the inventory of the estate submitted by the executor. The confirmation includes heritage and is effective throughout the whole of theUK. It affects property outside Scotland if...
Before naming a guardian, trustee and executor talk to the individuals you have in mind and make sure they are willing to serve. It is important that anyone you select be willing and able to accept the responsibility. Make sure the individuals you appoint understand their responsibilities and yo...
Read More:What Are the Duties of the Executor of a Last Will & Testament? Gathering Assets One of the first responsibilities of a personal representative is to gather, inventory and take possession of all the assets that belong to the estate. How to take possession of a certain asset depends...
As a practical matter, being able to use an Advanced Directive or Health Care Power of Att... more What is the difference between a "Successor Agent" and a "Co-Agent?" 357 A Successor Agent is the person who will take over the responsibilities of the designated ... more Is an Agent...
Some of the key responsibilities of a business lawyer include: • Legal advice: A business lawyer is a trusted advisor who can provide legal advice and guidance on various legal matters, including contracts, mergers and acquisitions, employment law, and intellectual property law. • Contract ...