When selecting your executor for your estate, you will likely feel tempted to pick someone that you know, such as a family member. After all, who makes for a better executor than someone who knows you well? Unfortunately, though, just knowing you well is not a good...
Unfortunately, it is impossible to deny the fact that issues with wills and estate plans can potentially tear families apart. Even siblings will often fight each other over a parent's will. Is there any way to reduce the possibility of these conflicts happening when...
Looking for a long-term care facility is an important part of estate planning for many people. But the options and choices may feel endless, and a person may not have any idea where to start looking. Does the facility suit your needs? The National Institute on Aging...
Slip-and-fall accidents create a lot of chaos in the modern workplace. Any job, no matter how safe it may seem, has the potential for slip-and-falls to occur. To that end, the best way to prevent a slip-and-fall is to understand the primary causes and eliminate or...
When a person passes away still owing money, how do you handle that? Personal representatives of the decedent's estate must be the ones to take care of such matters. In most cases, beneficiaries do not receive their portion of the estate until after debtors get their...
In 2020 alone, about 66 percent of business owners retired early or accelerated their exit from the company. This serves as an important reminder: it is never too early to write a business succession plan. If a business owner does not have an established plan for...
Generally speaking, executors do not hold liability for any debts of an estate. If this were the case, nobody would be willing to take on an executor’s role. However, even though in most cases it is very difficult to sue an executor, it is possible. In the event that...
If your loved one recently passed away and they named you as the executor of their estate, you could have many different issues to work through. In addition to devastating emotional pain, you might have uncertainty with respect to your responsibilities. It is...
Your estate plan helps create a legacy after you are gone. It also ensures your family has the financial support they need when you can no longer assist them. Because the stakes are so high, you must be aware of common estate planning mistakes. Even seemingly minor...
Practically every person should have an estate plan in place. In addition to providing assets to your heirs, estate plans can also protect you while you are still alive in the form of long-term care planning and advanced directives. When it comes to will creation, you...
