Testamentary Trust – Types, Advantages & Disadvantages
February 21, 2024    admin
Testamentary Trust – Types, Advantages & Disadvantages

Testamentary trusts are the trusts formed by a Will maker, and they are created concerning the Will, which comes into effect after the death of the Will-writer. The assets set to be distributed to the beneficiaries are kept on hold till...

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Personal Or Legal Executor and Trustee – Whom Should I Appoint?
February 1, 2024    admin
Personal Or Legal Executor and Trustee – Whom Should I Appoint?

Planning for the administration of your assets and properties after death is a matter of great deliberations. If you've been planning to draw up a will- to preserve your assets, provide for your family, or ensure the correct treatment of...

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What Happens When Dispute Occurs Between Executors Due To Disagreement?
January 4, 2024    admin
What Happens When Dispute Occurs Between Executors Due To Disagreement?

Typically, a person's Estate will determine how their possessions are divided after death. The "Executor" of the decedent estate is the individual in charge of allocating and overseeing these assets. There are situations when a will names multiple executors, and...

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Last WILL Executor Duties-Role of an Executor in Estate Administration
November 28, 2023    admin
Last WILL Executor Duties-Role of an Executor in Estate Administration

An executor is essential to administering an estate because they makes sure the final intentions of the deceased are executed effectively and legally. The role of an executor includes handling the legal, financial, and emotional difficulties of estate administration, which...

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Estate Planning vs Estate Administration – What You Need to Know
October 31, 2023    admin
Estate Planning vs Estate Administration – What You Need to Know

Losing a loved one is difficult. Planning and administering the deceased estate is in demand and draining simultaneously. Estate planning is the management of the legal and financial assets of an individual, which needs to be distributed. This needs to...

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