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Many adults spend time deciding who should oversee their estate when they die. They may select someone based on their personality and their personal history. Of course, people might die without naming they might die without a will at all, or they might name someone...
Usually, estate planning documents and state law determine what happens with someone's property after they die. State law can manage the entire process, or people can take control of their legacies by creating wills. A will can designate specific assets for individual...
Businesses owed money by an individual typically expect to receive full repayment. Sometimes, the collection process can become quite lengthy. Individuals may not currently have the resources or income to pay the debt in full and may only make minimal payments toward...
There are sometimes reasons why beneficiaries or family members may have questions about someone's will. They may believe that fraud has occurred. Other times, they may suspect that a family member or caregiver inappropriately influenced a testator. Occasionally, the...
A will is perhaps the most useful estate planning document for most circumstances. In the absence of other testamentary paperwork, a will determines who inherits property from someone's estate. It can name a specific party to serve as the personal representative of...
Someone who takes the time to put together an estate plan typically has people they want to protect and/or a specific personal legacy in mind. Their documents should be a reflection of their personal preferences, not the wishes of other people in their life....
An executor, personal representative or administrator of a California estate has numerous obligations that they must fulfill. Not everyone is capable of serving in that role, which is why testators often think carefully about who to name to carry out their last...
It is difficult for older adults to properly address real estate in their estate plans. Although the homes where they live may be among their most valuable property, the sentimental value of the home may lead to someone’s desire for loved ones to live there rather...
An inheritance isn't official until someone actually receives assets from the estate of a loved one. Technically, beneficiaries of an estate won't receive anything until the executor settles accounts and files appropriate paperwork with the probate court. Such claims...
The executor of an estate distributes property to beneficiaries, communicates with the probate courts and settles someone's affairs. It is a solemn and often largely thankless job that people perform out of respect for the deceased individual or concern for the...