The death of a loved one is always a devastating experience. In addition to dealing with your own grief, you might also find yourself in the position of handling various administrative duties, and sometimes, you might be nominated as the executor or administrator of the deceased person's estate. W...
When someone dies, whether or not they left a will, the person appointed as administrator or executor has a key role in managing the deceased's estate. As the estate's personal representative, they also handle the deceased's financial affairs and have a fiduciary duty to the beneficiaries and heirs....
Losing a loved one could be an overwhelming and challenging time, and dealing with the legal problems of settling the deceased estate could make it more difficult. You would navigate through a sea of emotions, and the last thing you would need to worry about would be how long do you have to file pro...
A will is one of the core documents of a deceased person's estate—it allows everyone to know the decedent's last and final wishes. Basically, the executor has the legal obligation to ensure that those wishes are fulfilled according to the law, being responsible for taking care of the late person's...
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...
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...
When family discussions turn to estate matters after a loved one's passing, you may find yourself in one of two positions. On one hand, you may have learned that you are the named executor in the deceased's will. You may be grappling with the weight of your new role, wondering what the duties of ...
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. ...
So, you've recently learned that a deceased loved one had named you the executor of estate on their will — Now what? Before you accept the role, you must be aware of the responsibility that goes with it, including having a thorough understanding of probate laws. You can easily be held person...
When you've received an inheritance check, you may need clarification about how to cash or deposit the estate check when there is no estate. If you don't have a clear solution, this process can be complicated and result in frustration and dissatisfaction. Because this is a step-by-step process, we ...
When a loved one passes away and leaves a will, it will indicate the Executor or Co-executors, beneficiaries, and heirs. Plus, instructions on how the estate should be managed to accomplish the departed desires. Who Is Usually the Executor? What Is a Co-executor? When the deceased person leaves a ...
After a loved one passes away, it is common for close family members to want to see a copy of the will. Unfortunately, sometimes the executor may refuse to provide it. That can feel very frustrating. You may want to know what your loved one's wishes are, and you may want to veri...
