Some people become the personal representative of an estate because a person they know asks them to take on that responsibility. Their friend, acquaintance or family member may then name them in estate planning paperwork as the executor or personal representative of...
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Do you have to pay the debt your parents leave behind?
On Behalf of Hedberg & Boulton, P.C. | Mar 19, 2024 | Probate
As your parents are putting together their estate plan, they tell you that they want to name you as the estate executor. You’re going to be involved in the process of gathering their assets and distributing them according to the estate plan. But you may know that your...
When should you consider a professional executor?
On Behalf of Hedberg & Boulton, P.C. | Oct 10, 2023 | Probate
When you’re making your estate plans, there are lots of decisions that have to be made – not the least of which is who you want to name as your executor. Most people choose a family member or a close friend for the job, and that may be what you’ve always thought you...
What is an executor of an estate?
On Behalf of Hedberg & Boulton, P.C. | Aug 8, 2023 | Probate
A will is a complex legal document in your estate plan. Simply put, a will is a set of instructions left behind for family and friends of the deceased (or testator) that detail how the deceased’s assets are distributed. Typically, testators have their assets...
What is the role of a trustee?
On Behalf of Hedberg & Boulton, P.C. | Jan 20, 2023 | Probate
When creating an estate plan, you will encounter several terms and jargon. This can make the process seem overwhelming and confusing. One term to learn is “trustee.” Knowing the role of a trustee is something you should understand. Understanding the role of a trustee...
What happens if you die without creating a will?
On Behalf of Hedberg & Boulton, P.C. | Jul 26, 2022 | Probate
Although more people recognize the importance of estate planning, many still avoid drafting a will. Often, this is due to the general dislike of considering one’s final days of life. After all, to write a will is to contemplate a time when you no longer exist. Aside...
What does a trustee do?
On Behalf of Hedberg & Boulton, P.C. | Mar 25, 2022 | Probate
Are you ready to create an estate plan but confused by all the different terms and jargon used? If so, you aren’t alone. The process can be confusing. One term to know is “trustee.” The role of a trustee is important and something to consider carefully. Because of...
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