The Internal Revenue Service is sometimes known as a cutthroat agency because it will use all the resources it has available to collect what's due to it. Many people who have to deal with this know that it is a stressful experience, especially when you can't just...
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Carefully choose the executor of your will
You have many important decisions to make when creating an estate plan. When it comes to naming the executor of your will, it's a good idea to consider all of your options before making a final decision.Generally speaking, an executor is staffed with the...
5 universal estate administration duties in the United States
There are times when an estate plan needs to be filed with the probate court, which requires an individual to accept the responsibility of putting this into effect. If there is someone in the estate plan who is named to handle this, they are known as the executor. If...
3 things to do if there is no will after a person’s death
Dealing with the death of a loved one is difficult in itself, but it can be complicated when they don't leave a will behind. Wills are essential to protecting what your parent has accumulated over the year in terms of assets and to give guidance on what your loved one...
Think carefully before you contest a loved one’s will
Many people count on their loved one to have an estate plan in place when the loved one passes away. There are some instances in which there is an estate plan in place, but there are problems with it. Some people might realize that there is a reason to challenge the...
How to ensure your pets are cared for after you die
A comprehensive estate plan is critical for everyone, but some people may not realize that they need one. People with pets need to ensure that their pets are cared for. Loved ones left behind may not care for the animals in the way you would have liked. In some cases,...
Avoiding probate court is a goal of many estate plans
One of the primary goals of estate planning is bypassing the probate process. This is a big consideration since probate can take time and money. For most people who are working out an estate plan, it's important to get their loved ones as much as possible and as...