While it is important to make sure that your intentions are known via the execution of the appropriate estate planning documents, you must also keep estate administration in mind. Recording your wishes with regard to who gets what is one thing, but you also have to make provisions for administering the estate because things simply do not take care of themselves.
After you pass away, the estate must be probated if you use a last will to elucidate your wishes. Someone must take care of the various tasks that will present themselves, and this person is known as the executor or personal representative. You select your executor when you are planning your estate.
When you are engaged in the selection process, you would do well to recognize the fact that administering an estate requires significant business acumen so you want to pick someone who is savvy in that regard.
Depending on the specifics of the estate, this can also be a time-consuming responsibility and this is something to keep in mind when you are choosing an executor as well. He or she must have the time that it will take to do the job properly.
A good San Jose probate lawyer will help facilitate a smooth probate process. To gain an in-depth understanding of probate and what your executor can expect when the time comes, simply take a moment to arrange for an informative consultation with a licensed and experienced San Jose estate planning attorney.
Latest posts by Litherland, Kennedy & Associates, APC, Attorneys at Law (see all)
- American Academy Awards Fellow Designation to Justin M. Kennedy – Kennedy Recognized for Outstanding Achievement in Experience and Service - August 16, 2019
- Clarity is Key to Planning - August 14, 2019
- How Much is Too Much? - August 7, 2019