(1) Trust is Key, (2) Take Age Into Consideration, (3) Put One Person in Charge of the Will, (4) Learn the Residency Rules Where You Live, and (5) Know When a Trust Makes Sense
It’s usually seen as an honor to be named the executor of someone’s will. It shows that the deceased trusted you to manage his affairs fairly, in a manner consistent with his wishes. What you may not realize is how stressful, time-consuming, and just plain difficult it can be.
(1) Should my trustee be my spouse or child? (2) Should my trustee be my attorney, accountant or other trusted adviser? (3) Should my trustee be a bank or trust company? (4) Would having more than one trustee be my best option instead?
Summary: (1) Review the will; (2) Handle the care of any dependents or pets; (3) Find important documents…
Summary: (1) Young enough, will actually accept; (2) Trustworthy, won’t blab; (3) Patient, enough free time …
Anthony shares the mic with his friend, Maureen Pritchard, a probate and estate attorney. Estates are always an issue to families of a decedent, and to clear things up in this area, Maureen shares her expertise with us. Listen as she answers common questions regarding probate and the decedent’s estate.
In this episode, Anthony interviews Laura Cowan, an estate planning attorney in the NYC area. Unlike what most people think, an estate plan is necessary for every family — definitely something not only for the rich! Listen as Laura walks us through the do’s and don’ts of estate planning, what it really means, it’s importance in your family, the protection it provides, and a lot more.
Anthony S Park PLLC
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New York, NY 10023
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