Category: Executor
A trend by banks to not install safe deposit boxes in new branches being constructed could solve some problems for those handling estates. In the past, bank customers often used safe deposit boxes to protect important documents – but today it is estimated only 5% of customers have continued the practice. A recent blog by […]
The spouse is usually named the executor of a partner’s estate but it is important to consider that decision when a divorce occurs. The divorce of the former lead singer of Stone Temple Pilots, Scott Weiland, caused controversy in the naming of the executor of his estate following Weiland’s death last year of an apparent […]
A family member may not always be interested in taking on the job of being an executor and administering the estate. Since people usually like appointing an executor that they know and trust, they often name a family member or friend to the post. Sometimes when those appointed as executors are informed of the decision, […]
Both the executors and the heirs who inherit property could get their ways in fair market value differences for estate tax and capital gains tax purposes – until now, because the loophole is closed. The value of an estate determines the amount of tax due with no estate taxes due if the estate was worth […]
According to a homeless man in New York City, the executor of his long-standing friend and host is refusing to give him his rightful inheritance of $100,000. The three year battle is not yet over. Raphael Lebron lived with his friend Winfield Huppuch, a publishing executive, for twelve years. When Huppuch died, Lebron was locked […]
Naming the right person as the executor of your estate is one of the hardest and most important decisions. Knowing what to do if you’ve been named an executor can feel overwhelming. Being named an executor is an honor – it means that someone trusted your judgment and your ability to handle complex tasks on […]
Nearly two-thirds of all Americans have a robust social media life, as well as an average of 25 online accounts, including social networking accounts, banking and financial accounts, according to a Microsoft study conducted in 2007. By now, those numbers may have increased. These digital accounts are now considered personal assets, and figuring out how […]
Being an executor of an estate is not an easy task, especially when it is for the first time. When you are named as an executor and the person has died, knowing what to do and how to prioritize the tasks can be challenging. In the best case scenario, the person has had a chance […]
For most families, the idea of being out of touch with a sibling for decades is unusual. Even more unusual would be learning that an estranged sibling had passed away six years ago and no one in the family knew. Stranger still – learning that your brother had left you two bank accounts worth $81,000. […]
Does a person’s right to privacy extend past death? In this digital age, yes, according to legislation passed by the 2015 General Assembly — the first of its kind in the country. The Privacy Expectation Afterlife and Choices Act aims to assure that a person’s electronic footprint remains off-limits after death — even to his […]
