Can the Trustee Refuse to Distribute the Assets in the Trust?
Trusts are a common and very useful instrument for estate planning. There are a myriad of different types of trusts, and each different type can be used to suit the particular needs and goals of the individual case. All trusts do have some qualities in common, however. All trusts will have a trustee, who is […]Read More
Creditor Priority and Why It Matters
The end of life of a friend or family member means going through the grieving process, whether or not the death was sudden or long anticipated. There are also many logistic issues that must be attended to, including probate. Probate is the official administration of the deceased’s estate, which includes gathering all of the assets, […]Read More
Removing a Personal Representative
At the end of the life of a loved one, there are many steps that need to be taken, not least of which includes starting the grieving process. After the funeral or memorial service is over, it is then time to move on to the logistical and legal issues, including the probate of the last […]Read More
I’ve Been Named As A Personal Representative in a Will. Now What?
Before a friend or loved one passes away, he or she may notify you that you have been named as the personal representative of his or her estate. Being named as a personal representative means that your friend or family member trusts you to honorably and truthfully carry out his or her wishes after death. […]Read More
Technology and Being a Personal Representative
After you pass away, you will almost certainly leave behind an estate that must be administered, meaning that someone will have to step in and make sure your remaining debts are paid and your assets are appropriately distributed to your beneficiaries. This person will be called a personal representative or an executor. Although the advent […]Read More
Personal Representative Misconduct
After someone passes away, there will need to be another person to step in and make sure that the deceased’s estate is properly distributed. In some cases there is a will that will specifically name this person, who is called an executor or a personal representative. When the deceased dies intestate, meaning there is no […]Read More