One of the jobs of the administrator or executor of an estate is to settle out the debts of the deceased -- that can get very complicated if the deceased died while embroiled in some sort of conflict or died as the result of injuries in an accident that he or she...
Your Lawyers For Life
Month: June 2017
Avoiding estate planning? That’s your first mistake
What's the biggest mistake people make when dealing with their estate plans?Not having a plan at all. It doesn't matter if you are young or old, comfortably well-off or living paycheck to paycheck, everyone has a few things that they should address:1. Get a disability...
What happens to the inheritance of an heir that’s already died?
If you're the executor of an estate, an already complicated process can become even more complicated when one of the heirs listed in the deceased's will dies before he or she can collect the inheritance.At that point, two different things may be possible: 1. The...
Should you choose a professional to oversee a family trust?
The natural inclination when dealing with family money is to put a member of the family in charge of it.However, putting a family member in charge of a trust could be a recipe for disaster. Friendship and family bonds can often become strained once significant amounts...
Should you decline an inheritance?
Most people think that they'd be lucky to be remembered in someone's will -- but sometimes a bequest turns out to be more of a burden than a blessing.There are some situations that should make you think twice about accepting an inheritance: 1. You can't afford it....