The role of an estate executor is one of trust and responsibility. They manage the assets of a deceased loved one, paying all debts and distributing the remaining assets as per the will. However, there might be situations where beneficiaries suspect the executor of fraudulent activities. Understanding the steps to take in these circumstances can […]

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When it comes to the question of whether or not a person should have a will, experts have many different opinions. However, some people are just more likely to need a will due to their life circumstances, job, relationship status or more. Who needs a will? MoneyUnder30.com takes a look at who may need or […]

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Most people assign an executor based on who they feel most comfortable with. They do not often think about the responsibilities and duties the executor must shoulder. Many do not even know what the exact responsibilities are in the first place. So what do executors really do? Managing bills and debts As Executor.org discusses, executors […]

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Even if you do not have many assets, it is advisable to write an estate plan. This plan directs what happens to your assets after your death. It might even include provisions for dealing with incapacitating illnesses. Still, writing an estate plan is something most Americans never do. According to reporting from CBS News, only […]

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Court-appointed guardians are responsible for ensuring that their charges receive adequate care. New legislation intended to ensure the well-being of adults placed under the care of a guardian requires guardians to make at least three visits per year. How does this legislation impact the responsibilities of guardians in the state? Visitations requirements Court-appointed guardians must […]

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If you recently experienced a loss and it has fallen upon you to be the executor or administrator for your loved one, you probably have some questions about the probate process. Unfortunately, it is different for every estate. In addition to the requirements of the specifics of your case, you would probably have different procedures […]

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Most individuals do not have estates that would be subject to an estate tax. While there could be and often are other costs related to the transfer of assets, a formal tax is not typically one of them. Virginia does, however, have a probate tax system. This is a combination of state and local taxes […]

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Conflicts often happen within families over wills for various reasons. Of course, no one wants them to happen, but is there anything a person can do to stop them? While it is impossible to fully stop any potential conflict, it is possible to reduce the chances of them happening. Reducing miscommunication Forbes talks about ways […]

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A will lays the framework for your personal estate plan. This document allows you to designate who you want to take ownership of your assets after you die. According to the CDC Foundation, a will also lets you name the executor of your estate and designate guardianship for any minor children you have. If you […]

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You may believe that a will is the only element you need to prepare your family for your death. This, however, is not the case. Other documents make up a comprehensive estate plan that makes things easier for your family after your death but for you beforehand. Estate planning has expanded to include tools safeguarding […]

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