In the complex probate process, an executor plays a vital and nuanced role. The personal representative appointed by the deceased person is responsible for paying the decedent's debts and distributing inheritances to the beneficiaries as stated in the late person's will, ensuring that the assets are...
Losing a loved one not only brings a wave of emotions but can also leave families on shaky financial ground. If you are a surviving spouse, you might have heard of something called "Year's Support." And you might be wondering exactly what it is and how it can help you. In this article, we will co...
Coping with the loss of a beloved one is a delicate moment. But if, besides dealing with difficult emotions, you also have to take care of the deceased person's estate and financial affairs and make sure their last wishes are fulfilled, then you might feel overwhelmed. And that's when you might hear...
When buying a property with someone else, there are a few things to consider. First, you must determine how much of this property each of you owns. Second, you should clarify what happens if you or your fellow buyer die: who will get the ownership rights on the property? And in this whole equation, ...
After the death of a loved one, you will always hear words like executors, personal representatives, and administrators. If you are in the position of managing the deceased person's assets, you may be wondering what each of these three terms means. What are the duties of a personal representative vs...
Navigating probate real estate matters can be overwhelming, especially if you've been appointed as the personal representative. You may be at a loss as to where to start and what decisions to make in certain situations. Resolving conflicting interests among family members and satisfying creditor ...
Often, the heirs of a deceased person wonder how long does the executor have to pay the beneficiaries. However, you should know that several factors - such as the complexity of the estate, the deceased's debts, estate taxes, and any legal issues - influence the timing of the distribution of assets. ...
When a loved one dies after an illness that requires lengthy health care, the unpaid medical bills can be huge. Who is responsible for hospital bills after death? Do medical debts die with you? These are common questions our office receives and are often concerns that worry family members of a decea...
Power of attorney is an important part of lifetime planning. A POA is accepted in all states, but the rules and requirements differ from state to state. However, one of the main concerns is about what happens with the principal’s affairs when he passes away and who has power of attorney after deat...