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Posts tagged "essential legal documents"

The importance of appointing a trustworthy executor

An executor of an estate has many responsibilities. Not only must they administer the estate of the deceased person, but they also must meet important fiduciary duties. These duties can include, among others, providing an accounting of the assets and debts of the estate in addition to reporting to the court. When an executor fails to meet their duties, beneficiaries can end up in court demanding accountings, or in extreme cases, asking for the removal of the executor.

Updating estate planning documents now can prevent hassles later

Parent's try their best to provide a better life for their children. They carefully consider their childhood education choices, make sure they are eating properly, have the right equipment for their after-school activities, and try to save for their college education. Many parents work hard to set their children up for success, hoping to be there to guide them along the way.