When Can an Executor Distribute an Estate to Beneficiaries?Roche, Jamie
The personal representative of the deceased, whether an executor (appointed by the will) or an administrator (appointed by the court), or a trustee of a trust, is a fiduciary for the beneficiaries. A fiduciary is responsible for proper management of the estate, and does not have the right ...
Executor: An executor is a person appointed by a will or a court to resolve the financial affairs of the estate. Let’s review what happens to credit card debt after death, and how Discover® helps you close the deceased person’s credit card account. Credit card debt doesn't go away...
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Further, a will allows you to appoint an executor to oversee the distribution of your assets — the person who will be charged with carrying out your wishes when you are not here to do so yourself. You may want to keep in mind that acting as an executor is not...
If you live in a state with an estate tax, it is important to have properly drafted documents that are flexible enough to take advantage of both federal and your state's exemption amounts.When thinking about wealth planning, the primary focus for many is often federal income tax and federal...
In the administration of a NJ estate, a trustee of a trust created under a last will which is subject to probate must be careful not to take on the responsibility for acts reserved to the estate executor. An executor and a trustee each have defined responsibility to taxing authorities and ...
For most of us, “paperwork” is an ugly, nine-letter word. The paperwork needed to administer the estate of your spouse is generally less burdensome; however, the administration of a spouse’s estate can often be more time-consuming than you may have first thought. For example, there may...
A probate attorney can help in the collection oflife insurance, appraisal of properties, and preparation of the probate documents needed. 2 Estate Distribution The executor is also tasked to locate and meet with the beneficiaries of the deceased. He has to ensure that the properties enumerated ...
Real-Estate Members:Seller and buyer are the two parties involved in real-estate deals. There is an intermediate agent known as a broker who is the path that connects a buyer and a seller. A seller's broker has a contractual agreement with the selle...