Why Is A Letter Testamentary Important For Executors?
When someone dies, a person called an executor is responsible for carrying out the deceased’s final wishes. Responsibilities include distributing assets to beneficiaries, paying debts and taxes, and winding down any remaining business affairs. The executor must be named in the will or appointed by the court. If you have been named as an executor, […]
Don’t Wait To Create An Estate Plan
Too often, people put off estate planning for fear of the inevitable death. It’s hard to set aside the time to plan, but not planning leaves much more pressure and stress on your family. Sometimes adding a professional attorney to the conversation can help your parents or loved ones become serious about setting up the […]
What Is A Small Estate Affidavit And When Is It Used?
A small estate affidavit is a document that can be used to settle an estate without going through probate. The affidavit transfers ownership of the deceased person’s assets to their heirs or beneficiaries. A small estate affidavit value must be less than a certain amount set by state law. In Utah, that amount is anything […]
Common Types of Trust Disputes
It is not uncommon for trusts to become the subject of disputes. Trustees may have disagreements with beneficiaries or other interested parties about how they should be managed or what distributions should be made. In some cases, these disputes can lead to litigation. There are several common causes of trust disputes. One is a disagreement […]