A nominated executor is obliged to secure estate assets even before the issuance of letters testamentary, or preliminary letters testamentary (see Matter of Schultz, 104 AD3d 1146 [4th Dept. 2013]).
Being either a successor trustee or an executor is often a big commitment that may last for years. You’ll be required to ...
Dear Savvy Senior, An old family friend recently asked me to be the executor of his will when he dies. I feel flattered that he asked, but I'm not sure what exactly the job entails. What can you tell ...
Executors and administrators of estates in Virginia must swear an oath before the probate clerk that they will “faithfully perform the duties of [their] office to the best of [their] judgment.” These ...
Dear Amy: Our widowed father died three years ago. He left a moderate estate to his seven children. Our sister "Tracy" was named executor. She sold his condo and accessed various accounts and divided ...
As executor, you’ll be required to manage the trust assets, pay final bills and creditors and communicate with beneficiaries.
Dear Mr. Premack: Many years ago I agreed to act as Executor for the estate of a close relative. Now, she is very ill and may be near death. I find myself having second thoughts about being Executor.
Q. If a spouse dies, you have to have the will probated with the county and you will receive short forms to take to banks. Does the state figure out the estate and sales tax from the information sent ...
Our widowed father died three years ago. He left a moderate estate to his seven children. Our sister "Tracy" was named executor. She sold his condo and accessed various accounts and divided them ...
Dear Amy: Our widowed father died three years ago. He left a moderate estate to his seven children. Our sister “Tracy” was named executor. She sold his condo and accessed various accounts and divided ...