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October 2016
Creating your Will is probably not an exciting experience. Facing your mortality and the task of splitting up your assets can seem depressing, however, it is an extremely necessary thing to do to ensure that in the event of an accident your family will be provided for and your wishes can be carried out. Here...
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There are two major kinds of probate – formal probate and informal probate. These types of probate are similar but they have a few distinct differences that should be noted. If you are trying to split up the assets of a deceased loved one, and you and your family are considering using the informal probate...
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Choosing whom to name as the executor of your Will is a big decision. You are essentially deciding who will be in charge of your affairs once you are gone. You need to pick someone that you trust not only as a person, but someone you trust to be organized and prepared to take on...
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Taking on the role of the executor during the probating of a loved one’s Will can be a big job. As the executor, you are responsible for putting the deceased’s affairs in order and distributing property and assets to the rightful inheritors. In last week’s post, I talked about fiduciary duty – the requirement for...
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Being named as the executor of someone’s Will is an honor. The deceased clearly trusted you with a very important task – taking care of his or her affairs once he or she could not, and ensuring that all debts are paid off and the remaining assets and property are given to the rightful heirs....
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