Sentences with phrase «of estate executor»

By Avi Dahary Part I — An introduction to the position This is the first of a 10 - part series in which the position of estate executor is explored from the time an... Read more

By Avi Dahary Fact gathering In part one of this series, I provided an introduction to the position of estate executor, including basic principles to follow and... Read more

Not exact matches

Tom Blalock, chief legal officer of AEP, is the executor of McClendon's estate after both McClendon's wife and Scott Mueller, chief financial officer of AEP, passed on the job.

That includes putting your refusal in writing and notifying the estate executor within a set time frame, usually nine months of the death of the person leaving you the property, said Love.

You are now dealing with the executor of Aunt Irma's estate, who may be 1) a greedy relative who sees the «gift» as an investment for which the estate is entitled to a substantial piece of your business, 2) a local estate lawyer whose main purpose in life is to squeeze as many assets out of the estate as possible so as to maximize their fees, or 3) someone even worse.

Otherwise, when your uncle dies, the executor of his estate (who may not be such a terrific guy) may insist you pay back your uncle's «loan.»

If you are the executor of an estate, you'll have a number of obligations, which include making any distributions to beneficiaries and ensuring that debts and taxes on the estate are paid on time.

Fox Rothschild's Taxation & Wealth Planning attorneys not only provide clients with sophisticated estate planning advice to help preserve wealth, but we also assist trustees and executors with the administration of trusts and decedent's estates, helping them navigate the often complicated system of intestacy laws and providing advice regarding fiduciary responsibilities.

In some states, executors are entitled to take a percentage of the estate's value, in some states the executor fee is dependent on funds received and funds paid out, and in others the standard is more fluid and depends on a large variety of factors.

When you pass away, the executor of your estate should notify credit card issuers as they will stop adding on any fees or penalties to the outstanding debt until the estate is settled.

It's common for debt collectors to reach out to family members and pursue payment, but these inquiries should be directed towards the executor of the estate.

First the courts ordered the executors of the Briggs estate to sell the Tigers.

They asked me questions like who would be the executor of my estate (which made me laugh because it is hardly an estate, but maybe someday), and of course list a couple of backups just in case.

-- who is the executor of Walker's estate — claims that the Porsche Carrera GT lacked certain safety features that could have saved the lives of Walker and his friend, Roger Rodas, who was driving at the time of the 2013 accident.

A person who has died left behind a will designating a relative as the executor of his estate.

AG Eric Schneiderman is challenging a $ 100 million fee charged by the four men overseeing the late billionaire Leona Helmsley's estate — saying that the «grossly excessive» amount results in an eye - popping wage of $ 6,437 an hour or $ 250,000 per month for each executor.

Stone is is also an executor of the elder Simon's estate.

She marries a guy from Stratford, from Shakespeare's hometown, a guy named Thomas Russell, and we know that Russell is a friend of Shakespeare's, because when Shakespeare is writing his will he entrusts Russell to be one of the executors of his estate.

Almost a decade later, a group of lawyers from around the country developed a draft uniform law they encouraged all 50 states to adopt, which would allow people to specify in their wills that the executor of their estate can access their email and social media profiles.

In this case, the brother of the participant (and executor of estate) For help in addressing these questions, ClinSeq investigators consulted with NIH Clinical Center's Bioethics Consultation Service.

A single member of the deceased patient's family (usually the executor of the estate) should receive the information in the family's behalf

Maya Dardel (Lena Olin), an internationally respected poet and novelist, announces on National Public Radio that she intends to end her life and that young male writers may compete to become the executor of her estate.

Member - At - Large Membership JOIN NOW Established literary agents and editors; heirs, executors or trustees of the estates of deceased authors; or attorneys and accountants representing authors; or publicists or other publishing professionals.

An old friend has named him the executor of her estate.

Cornell Pollard, the sisters» guardian and the executor of their estate, doesn't approve.

If your mother was like most taxpayers and did not pay tax on the interest as it accrued each year, the executor of her estate can elect to have the estate pay income tax on the interest earned before your mother's death.

Creditors seeking to collect a deceased individual's debt must contact the executor or the party in charge of the estate.

The chore of filing the taxpayer's final return usually falls to the executor or administrator of the estate, but if neither is named, a survivor must do it.

The Federal Trade Commission (FTC) notes that a third party can contact you to get the name of name, address, and phone number of an executor or whoever is authorized to pay the estate's debts.

«These roles have very different goals — the guardian takes care of your child, and the executor provides financial assistance and preserves your assets,» says Adrienne Swift, a wills and estates lawyer in Toronto.

You should also appoint executors or estate trustees to ensure they can settle the estate and handle the personalities of beneficiaries.

It's common for debt collectors to reach out to family members and pursue payment, but these inquiries should be directed towards the executor of the estate.

However the executors of estates where the taxpayer died in 2010 can elect to apply the 2011 exemption of $ 5,000,000, with a maximum estate tax of 35 %.

When you die, all your debts are passed on to your estate, so the executor will compile a list of all outstanding debts and determine the order in which they legally should be paid.

As executor of Aunty Maud's estate, you'll be called upon to manage everything from her funeral arrangements to locating her assets, paying her bills, filing her tax returns (yes, there will be more than one), and divvying up the remains to the heirs, along with advising them what's taxable and what's not.

Or he may die during the administration period at which point his executor — someone you may not even know — will have to take on the administration of your estate.

Find yourself as executor of the estate of a just - deceased relative?

The executor of your estate — either the person designated by your will or appointed by a court — will make payments to satisfy your debts with what is available in your estate.

If the debt is transferred to the estate, then it's the responsibility of the executor of the estate to liquidate any assets necessary to pay of the credit card debt.

A deceased estate is technically not a trust while it is being administered, but is treated as a trust for tax purposes, with the executor or administrator of the estate taken to be the trustee.

make a payment to the deceased's legal personal representative (executor of the deceased estate) for distribution according to the instructions in the deceased's will.

She maintained that the Tax Court should hold the executor of the estate of her late mother accountable for any liability of the estate.

As her only heir, I became Executor of her Estate.

Also keep in mind that if your parents name you the executor of their estate, you'll have an obligation to make sure all debt is paid off before any proceeds are paid to beneficiaries.

Powers of attorney generally evolve into executors on the death of a loved one, so children owe it to their parents to learn a little bit about money management and estate planning when they take on such a role.

Your will names an executor to be in charge of your estate.

Any monies owed become part of their estate, so the person who inherits is entitled to reclaim (let the executor know too).

If you are named as the executor of the estate you can draw on the bank account to pay expenses when you provide the necessary documentation, copies of bills, death certificate, a copy of the will etc..

If your partner's made a will leaving their share to you, any inheritance tax would be paid out of the estate by the executor before the bequests are shared out.

My father recently passed away and left me as executor of his estate.