Probate Basics: Duties of the Personal Representative

Probate Basics: Duties of the Personal Representative

The Personal Representative is the individual in charge of administering the estate.  This person is sometimes also called the Executor or the Administrator.  Here is a review of the basic duties of a Personal Representative, Executor, or Administrator as part of the probate process.

Read More

Five Reasons Why Living Trusts are not for Everyone.

Five Reasons Why Living Trusts are not for Everyone.

One of the most common things I hear from my estate planning clients is that they want to “avoid probate.”  So, I’ve started asking them “why?”  They tell me one of two things: first, they have heard that probate is expensive, or secondly, they don’t know why.  In 1965, Norman F. Dacey published his well-known book How to Avoid Probate! Norman F. Dacey, while not an attorney himself, instructs the public to transfer everything they own into a Living Trust using one of the forms in the back of his book. 

Read More