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The law does not permit minors to assume legal control over property left to them in a Will. This means that you need to be sure that a responsible adult will handle the money and property you leave your children.
→ Read MoreWhen an individual, known as a testator, writes a will, he or she will generally appoint an executor. The executor of a will has a duty to the testator to carry out the terms and conditions of the will upon the testator’s death. During life, the testator can easily remove the executor from the will and replace him with another. After the testator’s death, it becomes more difficult to remove an executor from the estate. However, it is not impossible.
→ Read MoreAdministering an estate involves collection of assets, payment of debts and estate taxes, and distributions to the beneficiaries. This article discusses payment of debts by the executor of an estate.
→ Read MoreWhat role does the personal representative play under a will?
→ Read MoreSomeone who serves as an Executor or Personal Representative of an estate is entitled to get paid for the job.
→ Read MoreAs long as a Will is not contested, the fact that a witness dies, moves, loses capacity, or is no longer friendly should make no difference.
→ Read MoreFind the right lawyer for your legal issue.
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