You Can Trust

When you make a will of one of the most important and difficult decisions you will make is who to name a personal representative or executor. This is a person who is in charge of your estate when you die and you will have to tie the open ends, to pay debts, and distribute it all to his liking. The decision to make on who to name a personal representative or executor can make a huge difference in how you carry out your wishes and needs to remain in the hands of someone who is totally reliable. Who name if you do not have friends or family members, or none that you consider credible?

If no family members or close friends, or anyone that you believe or is old enough to cope with the duties to be your personal representative, then making a choice that you name as your personal representative may be difficult. You can nominate who will be the personal representative of the estate in his will, or a suspended court will appoint someone for you and that person may not be the best qualified and most able to come up with plans of selling their property. When you create will be there May tough decision if you can think of no one to be your personal representative. You May Have the children are too young or May not have anyone you can trust from office. If you appoint anyone as a personal representative in your will, probate court will appoint someone for you. A better choice may be a bank trust department or your estate planning attorney. These individuals will carry out your wishes and have no interest in his possession. They may be entitled to five percent of total assets as payment, but a set fee can be negotiated ahead of time. You can negotiate a set fee that will be recovered from your estate so your loved ones will not be directly charged for the service that provides PR.

Neutral third party may be in the best position to difficult decisions that could be about how to divide assets or other liabilities without feelings or hurt feelings getting involved, which may be present when family members serve a role. The third party may be your best choice if no one else in a position to serve.

Evan Guthrie Law Firm is licensed to practice law in the entire state of South Carolina. In Evan Guthrie law firm practices in the area of ​​estate planning contingent bodily injury and divorce and family law.