Category: Executor
Sometimes little thought is given in the choice of executor. That can create problems. The person in charge of your estate is the executor. Instead of thinking about whether the person they are choosing is the right person, many people just pick a close friend or relative. This can be a very big mistake, especially […]
Being an executor is not an easy job and can be quite stressful. Many people trust one of their own children above all other potential candidates when considering the responsibilities of an executor. However, it is not always a good idea, according to Texas Lawyer in “Mamas, Don’t Let Your Babies Grow Up to be […]
Family members may have grievances with each other, but an executor can’t just even things out. When it comes to managing an estate, executors are often faced with a minefield of legal responsibilities and family dynamics. As the Napa Valley Register article “Can mom make son pay debt?” points out, an executor’s authority is limited […]
One of the single most important estate planning choices that you will make is to select your executor. It is only a very small exaggeration to state that the executor of an estate is the person who is in charge of everything. He or she can either determine whether an estate administration will go smoothly or […]
The executor of an estate must make decisions on protecting heirs. Katie May, a former Playboy model, may have suffered injuries during a photo shoot and went to a chiropractor for treatment. She later died and the coroner determined the treatment injured her artery and cut off blood flow to her brain, according to TMZ […]
The executor of an estate may face many hours of difficult work and if they aren’t careful they may end up working for free. There are times when an executor cannot collect a fee as The Wills, Trusts & Estates Prof Blog discussed in a recent example in “Section 6166 Lien Causes Executor to Miss […]
New York prevents services from charging fee to estates. The state of New York has passed a law that protects estates from termination fee charges, according to a Fox 5 report “NY: Utilities can’t charge termination fees after death.” If you do not live in New York State, your estate might face termination fees for […]
The status of an outstanding student loan if the holder of the loan dies varies by type of loan. The New York Times reports in “In New Jersey Student Loan Program, Even Death May Not Bring a Reprieve,” that the state of New Jersey wants its money back because it does not forgive loans when […]
Increased terrorist and fear of plane crashes increases interest in estate planning in U.K. Residents of the United Kingdom are considering estate planning because of fear of terrorist incidents and plane crashes according to the Daily Mail in “After terror attacks and the MH370 disappearance more people are making ‘holiday wills’ because they’re afraid of […]
A law firm from Great Britain joins the list of those suing the estate of Michael Jackson. A British law firm claiming it was not paid $200,000 it charged for services prior to Michael Jackson’s death has joined the list of creditors suing the estate. But the estate took six years to deny the claim […]
