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...
When you take on the role of a Executor or Personal Representative of an estate, you must follow the directives of the court regarding the estate you are administering.Advanced Legal Planning, LLC in conjunction with its colleagues, can help you navigate your responsibilities as an Executor or ...
Unless there is a valid objection, the judge will appoint the person named in the will to be executor. The executor must insure that the person's desires expressed in the will are carried out. Practical responsibilities include gathering up and protecting the assets of the estate, obtaining ...
the estate or both. Within 30 days of the resignation’s approval, the original estate guardian must transfer all estate assets and financial records of the minor to the estate or the successor guardian before filing their last accounting. ...
The lack of specific, detailed language in the Constitution describing the power and responsibilities of the executive branch has given presidents a great deal of flexibility to increase its size and scope over the years, in terms of both the range of its authority and the number of people, ...
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...
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...
over the interpretation of the deceased’s will or concerns about the validity of the document itself. Probate litigation, on the other hand, involves legal proceedings that occur when individuals challenge the administration of the deceased’s estate or raise concerns about the executor’s actions....
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...
A bond is essentially a contract between the estate, the court, and the surety company. The surety company agrees to pay out any losses incurred by the estate due to mismanagement or fraud on the part of the executor or administrator up to the amount of the bond. The premium for the bon...