Has anyone ever asked you to be an executor? Better read this before you say “yes”. Handling someone’s estate affairs can put you at risk. Sometimes, you can feel like you fell out of a boat into shark-infested waters. Let me explain how executors get into trouble…
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Is it better to be a legal or beneficial owner of an asset? It is a simple question. But you may be surprised that most people don’t know the difference – and it can cost them, big-time. Let’s rephrase this question: If your name is on a…
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Some things you can do by yourself. Take advantage of professionals. Have tax professionals confirm income tax filing deadlines especially if a business is involved. Lawyers can identify your specific duties, and areas of concern from the will. Only lawyers can give legal advice about what the…
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Suddenly, you learn you are the executor of an estate. Don’t expect to find neat and up-to-date files called, “My Estate Inventory” or “For My Executor”. Few people are that organized. You must, instead, act like a detective. Remember, you are handling another person’s valuables. Be ready…
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Your Call to Duty It’s simple. When you act as executor, you are called to duty. A friend or relative may have asked you to be their executor. You may not even recall if you said yes or no. You may be worried that you’re inexperienced. You…
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