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What is the difference between a successor trustee and an executor? Naming a successor trustee is a key part of the estate planning process. It can help avoid major legal snags and ensure that your wishes are followed if your original trustee dies or becomes incapacitated. What is a...
A trustee is an individual or entity with a fiduciary role who’s appointed to manage property for the benefit of a third party.
How does the probate process work? Every estate and every Will are different. The exact probate process can vary depending on the instructions left in the Will and the assets, creditors, and beneficiaries the estate has. The basic process for an executor is: Gather the full details of the ...
Python is an open-source programming language that provides a Hypothesis library for property-based testing. Hypothesis testing in Python provides a framework for generating diverse and random test data, allowing development and testing teams to thoroughly test their code against a broad spectrum of in...
However, if there is no will and you don’t have a co-borrower or co-signer on your house title, the process is different. What happens to a mortgage if someone dies without a will? If you die without a will or trust, the responsibility falls to the executor of your estate, who sh...
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An estate sale is a quick way to make some money by offloading a loved one’s possessions. However, if the sale isn’t done properly, it can cause undue stress and financial complications. Understand what an estate sale is and how the process works.What
An administrator is also referred to as an executor. However, legally speaking, an administrator is appointed by a court when a decedent has not named anexecutorin their will or if a named executor refuses or is unable to assume the responsibilities. A court cannot force a named executor to...
In its simplest form, a will is a legally binding plan for what happens to your possessions after you die. It lays out who gets what. It also names an executor, the person who’s responsible for passing your belongings on to the people or organizations you’ve named. Most wills are mor...