Are you anxious about the new responsibilities you face? Don’t panic or stay up nights worrying. You may be a grieving beneficiary as well as executor. My free three-stage Executor Roadmap can help you reduce your stress on your estate journey. You can decline the job before…
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Are you like Jack? He wanted to handle an estate as an executor. He expected to take a fee for his services. But helping yourself to big fees can get you into hot water. The will can specify what your fees are. But what if it does…
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What assets are included for probate purposes? Not all assets must go through probate. If you are married and acting as executor for your spouse, you will be relieved to know this. Certain assets are not included in the probate process: 1. Jointly owned assets like joint…
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What is involved when you probate an estate? Probate is a legal process that certifies who is entitled to control the estate as executor. It also decides who shares in the estate (beneficiaries). Technically, a will is probated and an estate is administered. Most people informally refer…
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Do executors have to pay someone else’s income taxes? Wouldn’t it be nice if they got a free pass? You know like a get-out-of-jail Monopoly card. But this card also gets you out of tax trouble. Well, the reality is estate executors have to pay all of…
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If you are an estate executor, you need to learn new words. Here are four simple words that will help you as estate executor. If you know these, you won’t fall down the rabbit hole. The four words are Renounce, Resign, Remove, and Release. Let’s look at…
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As an estate executor you have fiduciary duties you may not even know. I created a quiz to explain what estate executor duties are. It will help you understand your estate responsibilities. It is not an exhaustive list. Give yourself one point for each duty you can…
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Many times executors are unprepared to handle their estate duties. Mistakes and delays can happen that drive beneficiaries wild. But can a court remove a bad apple executor? When will a court remove executors and why is this not always the best solution? I spend my day…
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Paying income taxes can drive you crazy. If you are an executor, it is even worse. You can get stuck paying someone else’s income taxes. Here are some executor tips so you won’t pay for costly mistakes. As the legal representative for an estate, executors must handle…
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Key 5: Stop People from Fighting Over Your Money Jack worked hard to earn his money as the owner of a small printing business. “I can do whatever I want with my money!” he said. Do you think Jack is right? You may not realize that people…
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