What Should I Know About Being an Executor? – Annapolis and Towson Estate Planning
Being named in someone’s will as the executor–the person to handle and settle up estate matters–sounds like a great honor.
Being named in someone’s will as the executor–the person to handle and settle up estate matters–sounds like a great honor.
Estate planning is a systematic process, which involves getting your personal and financial goods for the time, if you pass away or become mentally ill. It is also known as last will, and almost everyone does this planning for their family.
A trust fund is an account that gives a person control over who will receive their assets during their lifetime and/or at their death.
Movie scenes where a deceased tycoon’s will is read to a roomful of shocked and bitter relatives make for great drama, but drama is the last thing anyone wants, when seeking to preserve an estate for future generations.
Trusts fall into one of two main categories. The first category is composed of those that are established while the grantor (one who establishes the trust) is alive and are termed inter vivos (while living) trusts.