estate planning
Who decides my burial?
Posted by admin on October 20, 2009 in estate planning
Ted Williams, arguably the greatest left-handed hitter in baseball, died in 2002 with 3 adult children. In the immediate aftermath of his death, rather than celebrate a full life as a hall of fame baseball player and war veteran, his children squabbled over what to do with his body. Ted’s will stated he wanted to [...]
How much do I pay my executor?
Posted by admin on October 6, 2009 in estate planning
No matter how big or small the estate, the executor has a laundry list of duties to attend to including arranging for burial, probating the will, dealing with financial institutions and insurance companies, paying debts, filing taxes and finding and transferring assets to the beneficiaries of the estate. For middle class estates (for lack of [...]
Tips in picking the right executor and guardian
Posted by admin on September 21, 2009 in estate planning
Fundamentally, all wills should start with the question of who takes care of your estate and minor children before moving on to what the estate is giving to whom. Who acts as executor(s) (referred to as estate trustee or liquidator in some jurisdictions) and guardian(s) for children (both custody and property) can be critical decisions [...]
Is a will all you need to settle your estate?
Posted by admin on September 2, 2009 in estate planning
Visit a lawyer. Tabulate your net worth. Determine who will be your child’s guardian. Argue with spouse. Ask your brother to be the estate executor. Argue with spouse. Examine your mortality. Capitulate to spouse. Visit lawyer. Sign will. Done right? The popular perspective is that the signing of your will is a “one and done” [...]
