Estate Planning

what is estate administration

What is Estate Administration?

Estate administration refers to managing and distributing a deceased person’s assets in the US. This process typically includes identifying and inventorying the decedent’s assets, paying debts and taxes, and distributing any remaining assets to the beneficiaries named in the decedent’s will. Without a valid will, actions are taken to comply with state intestacy laws. The …

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Plan Don’t Wait for a Medical Emergency

Plan, Don’t Wait, for a Medical Emergency

That sounds like something your mother might say, right? And how often have you wished you’d followed your mother’s good advice? Nobody really wants to think about the potential for accidents or illness, and it can happen at any age. But without advance planning, when you or an aging parent experience a serious injury and …

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The need for a Valid Will

The Need for a Valid Will

More than 50 percent of Americans find estate planning important, yet statistics show only about 33 percent have a will. Those individuals with a will may have moved to a different state or forgot to update their will after life events such as marriage, divorce, births, and deaths, making it ineffective. One of the …

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Problems with Do It Yourself Wills

Problems with Do It Yourself Wills

A will is legally binding when properly filled out, addressing who receives your assets and properties after you die. Your will names a personal representative (executor) who will carry out your directives. In addition to asset distribution, your executor makes a public notice of your death, files your final taxes, and records your will in …

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