When there is no will established by a person, a personal representative or administrator will be appointed by the surrogate’s court. The first right to apply for the position of administrator is given to the surviving spouse but any heir of the decedent could be appointed. 
When one of multiple heirs wants to be appointed an administrator, all other heirs have to renounce their right to the appointed administrator. Usually a surety bond is required in order to cover the cost of real and personal property in the estate.
September 27, 2017 |
When there is no will established by a person, a personal representative or administrator will be appointed by the surrogate’s court. The first right to ...
Learn MoreSeptember 26, 2017 |
Before you start splitting time between two or more states, think about where you’d like to have as your primary place of residence because ...
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Looking ahead to retirement is something that is a big issue for many baby boomers getting closer to prominent retirement ages of 50 and beyond. ...
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Appointing an executor is an important step to take if you want to protect your interests after you pass away. Choosing the right person to ...
Learn MoreSeptember 20, 2017 |
Comprehensive estate planning is something that any person can benefit from, regardless of the size of their estate. It is a mistake to assume that ...
Learn MoreSeptember 19, 2017 |
One of the primary purposes that many people engage in the estate planning process is to ensure that taxes are minimized and that their ...
Learn MoreSeptember 18, 2017 |
If you leave assets behind to your loved ones, you should always do so with a clear expectation of what that money or property is ...
Learn MoreSeptember 14, 2017 |
No one is able to get out of this world alive but you can make it easier on the loved ones that you leave ...
Learn MoreSeptember 13, 2017 |
There are many different events in your life that may prompt you to think about the benefits of estate planning such as purchasing your first ...
Learn MoreSeptember 12, 2017 |
Planning your wishes for end of life concerns is never an easy prospect to consider. However, it gives you clarity on how to live your ...
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