The executor of an estate plays an important role in carrying out the deceased's wishes. Choosing an individual to represent you after your death may require careful thought and planning. As noted by the AARP, an executor needs access to your will, assets and...
Estate Administration
Estate Administration
What do you know about handling debt as an estate executor?
A loved one designated you the executor of her or his estate. You know the role requires you to distribute assets, but you must also handle the decedent's outstanding debts. American Bar Association breaks down how to pay off debts while acting as an estate executor....
What are your duties as an executor of a will?
People who decide to create a will have a number of decisions to make, but choosing an executor is usually among the most crucial. According to Farm Bureau Financial Services, an executor's main duty is to carry out the final wishes of the deceased and see to the...
Do you know these common estate executor mistakes?
Recently, you learned a loved one appointed you as executor of her or his estate, and you want to learn as much as possible about the role. What pitfalls should you make yourself aware of? Forbes shares common executor blunders. Rather than make your own mistakes with...
Does your doctor know your preferences for end-of-life care?
It can be painful to think about potential end-of-life scenarios in which you cannot make your own medical decisions. However, making your wishes known long before you become incapacitated may prevent your loved ones from having to make those difficult choices on...
Estate administration: How to handle the deceased’s debts
Estate administrators have a host of responsibilities to tackle once a close friend or loved one passes. If you are named executor of the estate in a last will and testament, you know firsthand the tasks that you must complete in order to finalize the estate. One...
What should I know about being a personal representative?
When someone creates an estate, they will choose a personal representative who will handle the estate once they die. Being someone giving this position is a huge responsibility. According to the Texas Constitution and Statutes, as a personal representative, your main...
What are your responsibilities as an executor?
Agreeing to oversee someone's estate means a lot of important responsibilities rest on your shoulders. Whoever entrusted you with their life's savings must have thought highly of your integrity, experience and reliability. Understanding your responsibilities can help...
How can an executor be removed?
An executor is the person who is named in a will as being responsible for managing the estate. Some people in Texas may find themselves in a situation in which they think an executor should be removed. Who has standing? An executor cannot be challenged...
Multiple powers of attorney can address different concerns
When Texas residents think about how they can best protect themselves for the future, they may consider drafting one or several powers of attorney. These documents can provide general authority to another person or target a specific area like health care or finances....