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You created an estate plan so that your assets would go to the people and organizations you want after your death. Part of this process involved making a will that outlines the distribution of property. According to the American Bar Association, a will is a document...
When creating your estate plan, selecting an executor is one of the most important parts of the process. After all, this person will oversee your estate after your death. Of course, many people automatically lean toward a family member when choosing their executor....
When you hold property or assets you plan to pass on to family members after your death, making plans that protect your beneficiaries can ensure they receive all of what you intended. According to U.S. News, your heirs may have to pay considerable taxes and fees on...
When planning your estate, you have to consider all of your children, stepchildren and other heirs you may include within your estate plan. One of the biggest mistakes some parents make is treating all kids equally. While you may want to be fair to your children,...
A loved one named you the executor of her or his estate, and you accepted the role and its responsibilities. You want to learn how to take proper care of the estate and its beneficiaries, which may involve settling debts. The Federal Trade Commission explains how to...
Having a will is one of the most effective ways to reduce Texas probate costs and avoid dissension among your beneficiaries. Depending on the size and scope of your property, you can give your loved one's peace of mind by adding trusts, a power of attorney and advance...
After naming a will executor, a person hopes the candidate accepts the role and its responsibilities. When things do not work out, the individual may need to choose a new executor. SmartAsset explains how to change an executor and when to do so. Estate plans sometimes...
A loved one asked you to act as her or his estate administrator. You accepted the role, but you have knowledge gaps you want to resolve. American Bar Association explores common executor questions. Address your fears and do a good job by understanding what the role...
It took time for you to get comfortable with serving as a loved one's executor. You want to do right not only by your loved one but also by her or his beneficiaries. SmartAsset breaks down executor obligations. Understand the role you play in a beneficiary's life....
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...