The No-Beneficiary Estate

Estates come in all sizes, both in the value of the estate assets and the number of people involved. Some people write Wills that name an executor and several beneficiaries. Some don’t. In fact, only about 44% of Americans have written a Will. But whether a Will exists, estate assets not disposed of in any other way must still be transferred to someone through a process known as “probate.” A person is referred to as Read More

Managing Assets During Probate

One purpose of estate planning is to avoid probate, but sometimes probate is unavoidable.  It may take some time until the executor is legally able to distribute assets.  How will the executor go about managing assets during probate? Executor Duties During Probate An estate executor, also known as a personal representative, is charged with settling and distributing an estate according to the decedent’s Will and Read More