A nominated executor is obliged to secure estate assets even before the issuance of letters testamentary, or preliminary letters testamentary (see Matter of Schultz, 104 AD3d 1146 [4th Dept. 2013]).
Being named as an executor in a loved one’s Last Will and Testament is a big responsibility. It is important to understand what you are agreeing to before you step into the role as executor. First, it ...
aquaArts studio / Getty Images Suppose your mom, who is widowed, has three children (including you). She executes a will that leaves her estate to you and your two siblings, and names you as executor ...
Administering to a deceased person's estate requires a lot of thankless work. Most people only act as an executor once or twice in their life -- you might only probate your surviving parent's will and ...
Executors and administrators of estates in Virginia must swear an oath before the probate clerk that they will “faithfully perform the duties of [their] office to the best of [their] judgment.” These ...
Q. If a spouse dies, you have to have the will probated with the county and you will receive short forms to take to banks. Does the state figure out the estate and sales tax from the information sent ...
Dear Savvy Senior, An old family friend recently asked me to be the executor of his will when he dies. I feel flattered that he asked, but I'm not sure what exactly the job entails. What can you tell ...
While teaching Estate Planning and Taxation at SFA, I prepared a handout on “Duties of the Executor.” It is detailed but is not all inclusive. Several of my students told me that they shared the ...
Home Retirement Estate Planning How to Perform the Duties of Executor of an Estate If you have been named executor in a will, you have quite a bit of work ahead of you. Here is how probate works, plus ...
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