Absolutely. Although executors commonly are not responsible for the debts of the estate they oversee, there are at least two instances in which they can open themselves up to personal accountability. The first one is if they fail to correctly and timely pay a creditor that has a claim against an estate has precedence. When…
In a will, as with a lot of legal documents, the required signatures make a big difference. Your signature is the indicative mark declaring to the world when you pass away that the instructions contained in your final document are undoubtedly your “last will and testament.” It is a vital part of a valid will…
It is feasible to sue a will throughout the probate process, but not everybody can sue to challenge a will. As an example, you can’t challenge your cousin’s will simply because you think his estate would be better-off in the possession of another family member. You also can’t challenge a will simply because you don’t…
When a loved one passes away, especially following a lengthy illness, relatives often worry about managing debts following their passing. Are they going to be responsible for paying any of their debts? Are there enough funds in their financial institution to cover those debts? Or will the debts be reprieved following death? This post discusses…
When you pass away and your will is approved for probate, your executor takes on your role in which they can carry out all the legal duties you’ve done in the past. This comprises of selling your property, paying-off creditors, bringing legal actions, examining medical records, and allocating your assets to others. Obviously, serving as…
Planning for our own funeral means facing our own humanity. For many, this might cause reflection, reminiscence, and even some blurred discomfort. For others, it might be just another responsibility of life. However, making plans for end-of-life includes several realistic issues. How are you going to like your remains handled after you pass away? Who…
In just about every state, a “dissolution of marriage” is likewise to a divorce. If you are getting started in the process of divorce, you might have come across the terminology “dissolution of marriage” and contemplated what the difference between a dissolution of marriage and a divorce was. Below is what you need to know…
What is the difference between an annulment and a conventional divorce? Question: Should I Get an Annulment or A Divorce? I have been married for two years at the end of the month, and it appears that the marriage is reciprocally over. There are no assets held jointly, and we have no children; this is…
Below is what you need to know prior to ending your marriage, including the requirements for divorce and options to hashing it out in court. In many cases, getting a divorce can be somewhat easy, particularly if you don’t have children and aren’t owners of a lot of assets together. But divorces typically involve a…
A divorce process is never easy nor quick. Addressing your estate plan is one of the top priorities during this difficult time. While the divorce process unfolds, your spouse will have certain rights. Here is a list of 8 things you need to prioritize at this time. 1. Update Your Health Care Proxy Carefully think…
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