Estate Planning Practice
Being named as an Executor of someone’s estate is an honor, but it is also not a task to take lightly. It can be a difficult, complex job. An Executor is responsible for finalizing the affairs of someone who has died. Once appointed, an Executor has full authority and control of the probate assets. He or she must protect the property of the deceased person, make sure the estate pays any debts or taxes owed, and carry out the person’s wishes regarding distribution of whatever assets are remaining
For most of us, our house is the biggest investment we will make and the largest asset we own. It’s also the place we call home. Make sure you protect it. Executing a Declaration of Homestead is an inexpensive, yet very powerful way, to protect your home from being seized and sold by creditors to satisfy debts you may incur that are unrelated to your property.
