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Planning for Personalities:
Considerations when selecting your Executor, Trustee or Agent
By Mark T. Coulter, Esquire
Estate Planning Attorney
My youngest son asked me the other day what people did for fun before the Internet. I glanced at the picture on the table of our six children, smiled, and evasively replied “We played games.” My family is my passion, as is true for most of my clients. With the joys of family, however, come the tension and disputes which are inevitable for people who spend a lifetime involved with one another. Selection of the people who will take care of us and our affairs when we are unable to do so is a central part of estate planning, and it is important to consider the practical realities of your own family dynamic because that lifetime of history will definitely impact the future success of your estate planning.
Your Resource in Administering an Estate
By Colin B. May, Esquire
Estate Planning Attorney
After a loved one or close friend dies, the funeral is only the beginning of the involved process to come. This process is known as “probate” or estate administration and it is the court-based system whereby a person appointed “executor” or “administrator” acts as a manager of the estate: satisfying debts and taxes, informing those involved in the process, paying taxes, and ultimately passing property from the deceased person to the beneficiaries of the estate. Whether a person passes away without a will or had a will in place, an estate must be opened and administered if the decedent had property in their name.