Who to appoint as a Will Executor Solicitor Andrew Murray of Bishop & Sewell LLP explains why you should appoint a legal expert in estate planning as your Will executor. Well, a lot of people used to choose family members as their will executors. For a start, it’s a very complicated ...
typically throughprobate. The probate court will appoint an executor or administrator if one is not named in the deceased’s will or if the deceased didn't leave a will. This person will have the authority to close the deceased accounts and distribute the funds therein to ...
Personal representative:Also known as an executor, this individual is responsible for distributing assets according to the deceased person’s will. They can be involved in an estate and work with the trustee, but they do not have a direct role in a trust. Occasionally, the trustee and the p...
A Trustee certainly has important responsibilities, and keeping the peace in your family is one of them. Consequently, you should make this decision carefully. However, their task will be considerably less stressful and time-consuming than if they had to act as an Executor in a Will. Choose w...
Your will must appoint the initial trustee, but it should also provide for one or more successor trustees. Often, the executor who oversees the probate of the will is designated as the trustee, but this is not always the case. If you create a trust that comes into existence while you ar...
discuss who to appoint as your executor or attorney share your reasons if you are not distributing your estate equally inform them of your final wishes regarding health care and organ donation so they can support your wishes when the time comes ...
if yournext of kin is a minor, a probate court may, among other options, need to appoint a guardian (also referred to as a conservator in some states) to oversee the management of assets. This court-appointed conservator will protect the assets and make financial decisions in the minor's...
I hereby nominate and appoint my wife DEBORAH KOONS, and my attorney DAVID M. HELLMAN, as Executor of this Will. If either of them shall be, or become unable or unwilling to act, then the survivor shall act with JEFFREY E. EHLENBACH. No bond or other security shall be required of any...
A. We’re sorry to hear about your dad. When someone dieswithout a willand leaves nothing to guide their heirs, well, it can be complicated. The process of being appointed as executor if there is a will, or administrator if there is no will, is not that difficult or expensive in New...
Appoint your ‘digital executor’ Your digital executor could be the same trusted person who settles the rest of your estate, or you might want to choose someone who is more tech-savvy. Talk to the person first to ensure they’re willing and then let them know how to access the documents...