When establishing a person in the role of executor, it’s common to have questions about how this could impact the overall assets inside your estate. Executors are entitled to fees, and this could decrease the volume of assets available for beneficiaries after all estate payments are made. Executor fees are in place to compensate a… Read More »
Monthly Archives: December 2018
Durable Power of Attorney Vs. Advanced Directive
Many different documents might be recommended to you by your experienced estate planning lawyer and it can become confusing to understand which is which. Two of the most commonly confused forms are known as a durable power of attorney and an advanced directive, and these each accomplish distinct goals. What is a Durable Power of… Read More »
What Are a Will Executor’s Responsibilities in Massachusetts?
Since your will’s Personal Representative (formerly known as an Executor) holds an important position in the distribution of your estate, you need to put careful thought into the selection of this agent. If a will submitted to probate court names an Personal Representative, the court awards that person “letters testamentary.” This is the official paperwork… Read More »
Does It Matter Who Witnesses My Will Signing?
While an individual can write his or her own will, it’s far too easy for mistakes to be made that could lead to loved ones paying the price after you have passed away. While we personally suggest that an individual retain a knowledgeable attorney to prepare their will so that the will is drafted and… Read More »