A good executor will be able to quickly step in and manage your estate soon after you die. But just because an executor is competent and knowledgeable does not mean he or she won't need a little help. If you've already chosen an executor, also known as an estate administrator or personal representative, you can easily ensure that your executor will have the right information he or she needs to … [Read more...] about How To Care For Your Executor – 2 Helpful Tips
Being responsible for handling a probate estate can be a daunting task. If you find yourself in the position of being named someone's executor or personal representative, you can go a long way help yourself by anticipating your duties and planning ahead. Here are some helpful tips to help you get started. Consider the appointment carefully. If someone nominates you to serve as the executor or … [Read more...] about 3 Practical Tips to Help Executors
When you die someone has to ensure that your wishes are followed during the probate process. Depending on the state in which you live and the conditions under which you die, this person is generally known as either an executive, estate administrator or a personal representative. It is up to the personal representative to manage your estate while the probate process takes place. As a testator—a … [Read more...] about What Is a Personal Representative?
The rules of estate planning are actually dictated by state law. And the laws of estate planning vary widely from state to state. Here in Florida, there are restrictions on who can serve as personal representative of an estate. For example: A personal representative has to be a resident of Florida; or, if the personal representative is not a Florida resident, he or she must be: A spouse A … [Read more...] about Are There Restrictions on Who Can Serve as Personal Representative in Florida?