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estate administration & probate Archives

Tough tasks of the executor in estate administration

Pennsylvania residents who go through the sometimes difficult task of estate planning deserve the thanks of their spouses and beneficiaries. However, they may not be deserving of such thanks from the executor of their will. This individual often faces many tasks that can sound simple enough when stated but are made difficult through poor planning. The testator who goes to great lengths to keep assets out of probate and limit the burdens faced by heirs can also make the executor's job easier with a few extra steps.

What to know about beneficiary designations

It isn't uncommon for Pennsylvania residents to overlook beneficiary designations when they are making an estate plan. This may be because they are but one of numerous decisions that a person must make when setting up a retirement or brokerage account. In some cases, many years may go by before such a designation is reviewed. In that time period, it is possible that a person's needs have changed significantly.

Handling a decedent's social media accounts

When Pennsylvania residents die, their executors or administrators may want to know more about the best way to handle their social media accounts. Although the fate of a social media handle may seem to be a trivial thing at a time when there may be so many major issues to address, the timely resolution of a loved one's account may ultimately be in the best interests of all concerned.

Did you forget to include Fido in your estate plan?

When you think about estate planning, the usual questions come to mind: what happens to your money or property when you pass away, who should be named a guardian for your minor children or what kind of funeral arrangements you prefer. There are some common mistakes you want to avoid, however, such as forgetting to plan for the wellbeing of your pets or the handling of your social media.

The duties of those named executor of their parent's will

Pennsylvania residents who have been appointed to execute their parent's will have a large responsibility of ensuring their parent's last wishes are fulfilled. Executors should take time to review the will with their parent, if possible, to make sure their expectations are clear and that important matters are addressed. This step could help avoid family contentions and hurt feelings.

Credit card debt may be a problem when the card holder dies

When a Pennsylvania resident dies, their heirs may wonder who inherits what. A will generally disposes of the deceased's assets. However, these documents are often silent on who inherits the debts, including credit card debt.

Estate dispute arises for singer's estate

Pennsylvania residents might not have heard of Robert Velline, but Bobby Vee might be more familiar. When the Big Bopper, Buddy Holly and Ritchie Valens were killed in a 1959 plane crash, it was Bobby Vee that took their place at the trio's planned performance in Moorhead, Minnesota. A lot has happened since the former teen idol performed, and the man's family is now arguing about the singer's estate after his passing in October 2016.

Will a trust help you achieve your goals?

You may have a will, but perhaps you are becoming concerned about the probate process. You have probably heard that it can be expensive and that the distribution of assets to your heirs may take months, if not years. For the sake of comparison, perhaps you should look at the advantages of setting up a trust. There are many different kinds, but you will probably want to focus on two major distinctions: revocable versus irrevocable trusts.

Possible reasons to challenge a will

People in Pennsylvania who are creating an estate plan might wonder what circumstances could lead to challenges to their wills. Someone being able to successfully challenge a will is an unusual occurrence. When it happens, it is usually done by a spouse on the grounds that either the person who made the will was unduly influenced by someone or did not have testamentary capacity.

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