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Responsibilities of an Executor?

The relationship is a trustee relationship. In other words, the executor is responsible for properly processing the property for all involved. Administrators do much the same, except that the ‘will’ conditions for distribution are set by the state.
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How Important Is an Estate Plan?

Every individual needs some form of an estate plan to protect their wishes and loved ones. Your estate consists of everything that you own (aka your assets), and although death may seem far away, it is never too soon to get your estate plan in order.
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Who Should I Name as Trustee?

You created your revocable living trust to hold your assets. You did so because of the probate avoidance and other benefits. You may have included sophisticated tax-planning provisions in your trust.
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Can I Give My Child Access to My Bank Account? Should I?

Would your loved ones have necessary access to your bank accounts after you die to help carry out your last wishes and handle arrangements?
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Can My Power of Attorney Change My Will?

Power of attorney is one of the most important legal forms for estate and elder care planning. Along with wills and trust documents, it is a critical document for arranging one’s affairs.
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Will Gift to Heir Be a Benefit or Burden?

One of the biggest conundrums of estate planning is considering how, or even if, you can give money or property to your heirs in a manner that will help them.
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The First Thing an Executor of a Will Should do.

At some point in your life, there’s a good chance you’ll be tasked with acting as the executor of an estate. The designation is both an honor and an obligation.
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How Much can You Inherit and Not Pay Taxes?

Unless you spend your winters in Aspen and your summers in the Hamptons, you probably don’t have to worry about paying federal estate taxes on an inheritance. In 2021, the federal estate tax doesn’t kick in unless an estate exceeds $11.7 million.
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Is It Important to Have a Power of Attorney?

While we are alive, we can clearly make our own decisions. Unfortunately, one day you may find yourself in a situation where you cannot make your own decisions. Such situations occur most often in accidents, illnesses (physical or mental) and simple aging situations.
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What Is the Role of the Estate Executor?

At some point in your life, there’s a good chance you’ll be tasked with acting as the executor of an estate.
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