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The executor of an estate has a host of responsibilities — from notifying heirs to managing assets. But an executor’s authority isn’t endless. There are limits on what an executor can and cannot do.
As the executor of a will or administrator of an estate, you are required to notify heirs-at-law, beneficiaries, and creditors. You may notify a number of other individuals and entities as well.
If you’ve been named the beneficiary in a will, you’re probably wondering what a beneficiary’s rights are.
First things first: a beneficiary in a will has no rights before the creator of the will has died.
If you’ve been named executor of an estate, you’re probably feeling a range of emotions — from honored to overwhelmed. You’re also likely wondering what exactly an executor’s duties are.
I truly believe every successful entrepreneur has a deep emotional reason why they do what they do… otherwise we would quit. It is just simply too hard, we sacrifice too much to build our companies. This is my story, my reason why I endure the hardships, struggles and self-doubt.
Probating a will isn’t always simple, but it doesn’t have to be hard. In fact, many people can probate a will without using an attorney — as long as they understand the process and have the right resources.
With little fanfare Nevada passed new rules which make administration of small estates much easier. What does this mean for you?
Probate is the process of proving the valid will in court, and executing the wishes of the deceased expressed via the will. If there is no will, then the process is essentially the same except state law determines who the heirs are regardless of what the wishes may have been of the deceased.
Probate is often defined as the process of proving a will. So what happens when someone dies without a will?
Probate is usually required even for small estates, but many states have simplified procedures for estates that fall under a certain threshold.