First, you can’t file affidavits in less than 30 days until somebody has been deceased for at least 30 days.
If someone has been named in a will as the executor, they don’t have to wait the full time. But, you do need to file within 90 days, if possible, because if after 90 days, no one has stepped up, and the creditors come knocking, others can apply to be executor of the estate.
An executor of an estate, also known as a personal representative, is appointed to carry out a deceased person’s wishes specified in their will. They manage and protect the estate’s financial assets, which is why many name family members, close friends, accountants or lawyers to act as executors.
I hope this blog gives you a brief insight on how proper estate planning can be beneficial for your family. We can help, reach out to us today. (Link)
Remember leave a legacy, not a bill.
Remember to include sentimental items in your estate plan.
During estate planning, people tend to focus on the big-cost items, such as real estate, vehicles, business, retirement plans and personal investments. These assets do have a high monetary value, however sentimental value is important.
Family heirlooms and other personal items may not have a high monetary value, they can cause disputes amongst your heirs on who gets what.
A tip to help prevent dispute, if you discuss the distribution of sentimental items with your family members, which means all your heirs will have a say in the creation of the estate plan. Therefore, even when an heir doesn’t get exactly what they wanted, they will most likely accept the decision since they played a part in it.
We can help you build all the right steps to a well prepared estate plan. Contact us (link)