'There's no trust in place, but there is a will' "How long does it take for an executor to be able to access the account and pay the debts of the deceased?" (Photo subject is a model.) Dear Quentin, ...
An executor of a will is a person or organisation appointed to carry out the wishes of someone who has passed away, as laid out in their will. This role involves managing the deceased person’s estate, ...
Executors are not personally liable for unpaid debts or lender losses. Costs are paid from the estate or prioritized by law.
Following the death of a loved one, there may be fear and uncertainty about what to expect. However, needs must be attended to on behalf of the deceased. Specifically, an estate executor must be ...
Losing a loved one is never easy — and if you’ve been named executor of their will, you’re also stepping into a big responsibility. An executor is the person legally appointed to settle the deceased’s ...
Earlier this year, Katherine Jackson, mother of Michael Jackson made headlines when she sued her late son’s estate for legal fees. At the time, she stated that she had racked up more than $500,000 in ...
Forbes contributors publish independent expert analyses and insights. Ashley L. Case, J.D., LL.M., writes about tax and estate planning. It’s hardly cause for celebration. You’re the executor of an ...
'My brother retains the money awarded to my father to this day. My mom is still alive.' "In New York state, shouldn't the money be transferred over to my mom, since she was the sole heir in his will?" ...
Quick Read Probate attorney fees are calculated as a percentage of estate value. Some estates lose over $100,000 to court ...
Acting as an executor involves a lot of paperwork, from registering the death to applying for probate and paying any ...
My niece is trying to remove me as an executor of her mother’s will. I take my duties as an executor very seriously and I am ...