One very important aspect to be aware of as an executor or trustee has to do with the managing of estate assets. Whether you are a trustee of a trust or an executor of a probate estate, you are sitting in a fiduciary capacity. Fiduciary capacity is a legal phrase which means that you must […]
A common question that people have is about the difference between an Executor and a Trustee. Although these two terms are similar, they are quite different. An Executor, Executrix, Personal Administrator or Personal Representative is a term which applies to the person who oversees settling a person’s estate after death. An Executor can be named […]
By Daniel A. Perry, Esq.As an estate planning attorney, I am always amazed at the number of misconceptions that people hold regarding a certain process or proceeding, especially one as important as estate planning and probate.One very common misconception that I often hear:“I have a very simple situation, my financial accounts are already set up […]