Articles, tagged with "executors", page 1
Your Duties As A Will Executor
What is an executor?
The will maker can appoint one person alone or several people together to act as the executor of their estate. In broad terms the executor is responsible for carrying out the will maker's intentions as described in the will. Sometime...
Writing a Will and Getting it Right
IT IS IMPORTANT TO MAKE A WILL, BUT IT IS MORE IMPORTANT TO GET IT RIGHT
It can be a daunting prospect thinking about what happens to your worldly goods after you’ve gone, so starting the process of writing a will is often avoided, forgotten about o...
Probate Administration
Probate is the legitimate procedure of managing the estate of a dead person by determining all claims and allocating the dead person's property under a lawful will. A surrogate court resolves the legitimacy of a testator's will. A probate reads between th...
What's Contentious Probate?
Oftentimes, disagreements about the administration of the estate also appear a place the executors of the will.
If you think that your relative's will could possibly be invalid for some explanation, or are unsatisfied with the terms of the will, you ...
Power of Attorney - Five Things Everyone Should Know
So what precisely is power of attorney?
Power of attorney is an official, legal document which states a person or persons (known as an executor or executors) that are permitted to manage the affairs of a close family member or friend should they f...
The Role of Executors in Probate Law
During the course of probate, when a deceased person's legal property and personal possessions are distributed to their loved ones, executors (also known as personal representatives or PRs) are named in a Will in order to ensure that all of their affairs ...
An Overview Of Making An Inheritance Claim
Contesting a Will is a really difficult thing to have to do. When someone close to you has died the least thing people want to do is go through a legal process to claim from their estate. However if you truly believe that you have a case to claim against ...
The importance of making a will, and where to get advice on how to write a will
Making a will is a responsible act that puts you in greater control of your estate and ensures that your money and assets will go where you wish them to after your death. If you die without making a will, your surviving family members may not automatica...
The Role Of Executors
Being named as an Executor in a Will is a large responsibility that many people need help with. If you are a nominated Executor and you feel you require some assistance in understanding the complicated probate process, there is help at hand. A solicito...
Your Contested Probate: What To Do If There Are Executor Disputes
Frequent probate disputes arise out of the validity of a Will and whether or not the deceased has provided financially for their dependants. These are highly contentious areas and involve quite a complex area of the law. The other main area of probate dis...
Insurance for all your life needs
As a UK resident, you will often find yourself in the local Post Office, especially if you send a lot of parcels and letters. The extent of your use of the Post Office may be limited to such transactions, or it may range to changing some money prior to a ...
Looking at the new estate tax laws
In 2011, families and their financial, tax and legal consultants can at last plan estates with a degree of certainty. Thanks to the Tax Relief Act of 2010, we now have the lowest estate tax rate in 80 years, with some new rules to be aware of, and some ve...
UK Probate ' Do You Really Need Solicitors?
The law of probate is not always straightforward and it is something that not many people know much about as it only becomes relevant when someone you know dies. Therefore before starting the probate process it is a good idea to find out some more informa...
5 Things That Can Affect Your Will
If you've made a Will, you might wonder whether or not it will always be valid. On the whole, a last Will and Testament is legally binding, and the wishes set down in it must be carried out upon a person's death. However, it worth knowing that there ar...
Administration Of An Estate
Probate Overview.
Whether you have a will or not, when you die your estate will be subject to the laws of probate. It is a complex subject, but at its most basic ensures the debts you owe are paid, and that your assets are transferred to your benefi...