In Arizona, your executor can't be a "foreign corporation." This means that a corporation based outside of the state of Arizona would be ineligible to serve as your executor. (Ariz. Rev. Stat. § 14-3203 (2024).) You'e free to appoint an individual who lives out of state to serve...
Guardianship can apply to a person — such as a minor child or an incapacitated adult — or to someone's assets (but it is not the same as being an executor of a person's will). » MORE: Asset protection strategies Types of guardianship Guardianship of a child If you have minor ...
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...
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...
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 ...
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 heirs and creditors...
In addition, there are other important roles to consider in your trust and estate planning. 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 trus...
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...
They can decide not to have a power of attorney or create a new agreement with an alternate agent. Legal guardians or conservators If the principal does not have the mental capacity to make informed medical or financial decisions, a court may appoint a legal guardian (also known as a ...