E170 How to Name a Professional Executor in Your DIY Will

E170 How to Name a Professional Executor in Your DIY Will


Against all advice, you’ve decided to use a DIY will. But you also want to name me your professional executor.

Today we’ll discuss:

  1. When you call me
  2. Show me your DIY will
  3. Supervised signings

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E168 Stay in Touch with Your Professional Executor

E168 Stay in Touch with Your Professional Executor


So you’ve named me executor in your will (or trustee of your trust). What’s next?

We’ll discuss:

  1. Regular check-in calls
  2. Where are your documents?
  3. How else I keep in touch
  4. How I’ll be informed when you pass

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E164 Can I Be Your Executor in Another State (Outside New York)?

E164 Can I Be Your Executor in Another State (Outside New York)


Yes, I can and have served as executor for clients outside of New York. You just need to be aware of the pros and cons.

Pros:

  1. General legal and tax knowledge
  2. Independence
  3. General understanding of process

Cons:

  1. No local knowledge
  2. No boots on the ground
  3. More expensive

==========

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LISTEN

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E163 Always Leave Inheritance in a Trust Fund

E163 Always Leave Inheritance in a Trust Fund


Rich people don’t walk past free money, they pick it up (metaphor, not literally). Let’s discuss an estate planning example: asset protection trusts instead of direct gifts

Today we’ll discuss:

  1. What’s a direct gift?
  2. What’s an asset protection trust?
  3. Why it’s “free money” that EVERYONE should take

==========

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E161 Court-Appointed Strangers

E161 Court-Appointed Strangers

Most of us cringe at the idea of some stranger or bureaucrat having power over us. But that’s exactly what happens with Court-Appointed Strangers. Specifically Guardians: the strangers with power over our seniors

Today we’ll discuss:
(1) How Guardians get power
(2) Some unnerving examples
(3) It’s always about money
(4) How to avoid this type of stranger
(5) Other types of court-appointed strangers

3 Commons Mistakes When Choosing the Executor

E152 3 Common Mistakes When Choosing the Executor


Your executor is NOT your best man, maid of honor, best friend, or favorite child.

We’ll discuss:

  1. Making sure your Executor qualifies
  2. It’s not about “favorites”
  3. Not a “job” to hand out as charity

==========

READ

Pick up my books on Amazon. Reviews always appreciated!

==========

JOIN

Sign up to my email list for book announcements

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WATCH

Subscribe to my YouTube channel

==========

LISTEN

Subscribe to the “Simple Money Wins” podcast at:

==========

5 Mistakes With DIY Wills and Witnesses

E151 5 Mistakes With DIY Wills and Witnesses


I get that Do-it-Yourself is very tempting. But you may be creating HUGE problems for your heirs.

We’ll discuss:

  1. Witnesses names
  2. Witness addresses
  3. “Self-proving”
  4. Professional witnesses
  5. Court’s assumptions

==========

READ

Pick up my books on Amazon. Reviews always appreciated!

==========

JOIN

Sign up to my email list for book announcements

==========

WATCH

Subscribe to my YouTube channel

==========

LISTEN

Subscribe to the “Simple Money Wins” podcast at:

==========

E86 How To Choose The Right Trustee For Your Family Trust 956x538

E86 How To Choose The Right Trustee For Your Family Trust


Family trusts can give lots of benefits and protections. But only with the right trustee running things.

How to Choose the Right Executor for Your Will 956x538 blog

How to Choose the Right Executor for Your Will [Podcast]

(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

4 Tips for Writing a Will Your Heirs Won't Fight Over 956x538 blog

4 Tips for Writing a Will Your Heirs Won’t Fight Over

Summary: (1) Name the right executor; (2) Include personal property; (3) Don’t tie up the money for too long; (4) Explain any unequal bequests …