Do I Need A Co-Executor on My Will?

Most people designate one other individual to serve as a will’s executor, but you likely have the possibility of establishing two or more co-executors. Many estate planning attorneys will recommend that one executor is best since this avoids possible conflicts between two or more people, but there are unique situations in which it makes sense… Read More »

What Does it Mean to Choose a Bad Executor?

In the process of establishing your estate planning goals, you have to make key decisions about other people. For example, selecting your power of attorney means thinking about who you trust to make legal or financial decisions on your behalf if something happens to you.  A will is your opportunity to establish a guardian for… Read More »

Who Should I And Shouldn’t Choose as My Executor?

An executor plays a crucial role in the distribution of your estate. This person has many different tasks that must be completed in a properly documented and thorough manner. This makes it all the most important to select an executor who has comfort in serving in this role and who understands of what will be… Read More »

Multiple Executors Can Cause Problems

As a parent, you may be interested in naming all of your children as the executor of your will because you want no one to feel as though they have been left out. You certainly have the option to name multiple children as co-personal representatives. However, this presents a unique range of problems. It can… Read More »

The Importance of Naming the Right Personal Representative and Executor

Many parents in the position of putting together their legacy plan, their asset protection plan or their estate plan will contemplate how they can involve their current family members including their children in the process. Automatically choosing the oldest child to serve as your personal representative executor and successor trustee is not always the most… Read More »

Do You Need a Digital Executor?

If you’ve ever engaged in the estate planning process before, there’s a good chance that you’re familiar with the basic concept behind an executor. An executor is responsible for managing your financial and your real estate assets after you pass away. However, the rise of digital assets may call for a totally separate executor altogether…. Read More »

How To Be An Executor

Being named an executor of a will is a serious responsibility. However, most people who are named know nothing about how to do the job, says a story in US News. An executor’s job is to handle the estate of the person who died. Basically, the executor identifies the assets and distributes them according to… Read More »

Estate Planning Mistakes

Estate planning can be complex, but it doesn’t have to be, as long as you avoid some common mistakes and pitfalls. A story on wmur.com lists some of those mistakes. They include: * Failing to plan. If you don’t have a will or an estate plan, the state can make decisions for you. * Not… Read More »

What Happens When an Executor Goes to Probate Court?

When one winds up in probate court, there is one saving grace: the Independent Administration of Estates Act (IAEA). This Act is quite helpful to executors because it permits them to take care of estate issues without obtaining formal approval from the probate court. This means fewer court appearances, calls, and less documentation in administering… Read More »