Currently viewing the tag: "probate court"

In Trusts We Trust: Day 54

February 2, 2012 by

Testamentary Trust A Testamentary Trust is typically put in place for children so that when a parent dies, an appointed trustee will make sure money from things such as life insurance policies, etc are distributed to them correctly. The trustee will be responsible for the trust and distributing funds until the trust expires which is […]

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On Steve Jobs, Day 9

October 27, 2011 by

Since Steve Jobs left us at the beginning of the month, many have speculated on just how he planned for his death, what specific type of estate planning tools he used and how he took care of his family and protected the empire he’d spent a lifetime building. Back in 2009, Reuters reported that Jobs […]

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On Steve Jobs, Day 8

October 26, 2011 by

I’ve said it once and I’ll say it again: Steve Jobs taught us all a great deal about how to live and how to live on after death.  About living he taught us to always look for the good, and about living on after death he taught us to plan ahead, create a trust, care […]

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On Steve Jobs, Day 5

October 22, 2011 by

You know how I always say, “Where there’s a will, there’s probate?”  You further know how I always recommend that you avoid probate at all costs because of—among other bad things—the process of probate is a public one?  Well, here’s proof of what I’ve always said. Of Steve Jobs’ death, ABC News wrote, “Future of […]

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On Steve Jobs, Day 3

October 15, 2011 by

As I’ve mentioned over the past couple of days, Steve Jobs did it right; he did it right in the way he lived, and he did it right when it came to protecting his family and his legacy after he died.  The world mourned publicly when Jobs passed away last week of pancreatic cancer—tributes sprung […]

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Yesterday I completed a twelve-day journey through the legal process of probate—at least I thought I did!  Today, I realized that no discussion of executors, administrators and personal representatives would be complete without a warning of what happens if this person does not perform the duty they’ve been assigned. As a refresher: An executor is […]

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Today completes what has been a twelve-day journey through the legal process of probate.  For my final post, I’ll be covering what happens when someone is named as either an executor, administrator, or personal representative, and they don’t want to serve. As a refresher: An executor is a person who is specifically named in the […]

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For the past few days I’ve been covering what happens when an executor, administrator or personal representative has been appointed by the court.  Today I’ll be covering the payment of executors, administrators and personal representatives. A quick recap: An executor is a person who is specifically named in the Will to be the executor. An […]

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For the past few days I’ve been covering the process of probate itself, and what happens when an executor, administrator or personal representative has been appointed by the court.  Today I’ll be covering more about the court’s relationship to policing executors, administrators and personal representatives. Here’s a quick guideline: An executor is a person who […]

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For the past few days I’ve been covering the process of probate itself, and what happens when an executor, administrator or personal representative has been appointed by the court.  Today I’ll address who is chosen to be the executor, administrator or personal representative and why…and who should or should not be chosen. Here’s a quick […]

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