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Posts tagged "executor"

Are relatives qualified to be executors of California estates?

This question can only be answered by you as a testator, the will creator. The decision to designate a spouse or other relative as the executor of your estate depends on the qualities, abilities and willingness of the family member.

Are you up for the job of a California estate executor?

The word "executor" sounds like a title that could enhance a resume. In fact, a person who can handle the responsibilities of a California executor is probably well qualified for many jobs. Estate administrators known as fiduciaries have immense responsibility to a decedent, beneficiaries and probate court.

Financial, legal savvy is imperative for California trustees

Legal professionals stress choosing estate executors and trustees carefully. One of the reasons is the enormous financial responsibility that trustees carry for beneficiaries of an estate. The person assigned to a trustee position must have the competence and professional advice and resources to do the job.

Working around uncertain tax changes to set up an estate plan

Legal experts say some people are so paralyzed by unknown changes in gift and estate tax laws that they are placing estate planning on hold. Many California experts believe not drafting estate planning documents, because estate tax exemptions and rates are uncertain, is a mistake.

California attorney says Jackson's will dispute is useless

The brothers, sisters and father of legendary pop singer Michael Jackson were not named as heirs of their late brother's estate and now the siblings have publicly, but not legally, challenged the validity of Jackson's will. Many legal experts say the famous siblings' argument would be futile in probate court.

Help! I've been named an executor

When friends or loved ones are creating their estate plan, it generally involves having a will drafted. Another part of this process is choosing the best person to be in charge of executing the will and ensuring that the details of the will are followed, as well as other important processes. That individual is called an executor or in some states, a personal representative. For many would-be executors, he or she has no idea what responsibilities are involved until after the will goes into effect and at that point, can feel very overwhelmed. A recent article provided some helpful tips for executors to aid them in their obligations.

Don't forget to communicate your estate plans with your children

Planning for our deaths is not high on the priority ladder for most Los Angeles residents. However, as we get older, we begin to come to terms with the inevitable -- our mortality. What more, as parents, it isn't always a pleasant topic of conversation to have with our children.

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