How to Settle an Estate

How to Settle an Estate

You don’t have to be rich to have an estate. One of the great equalizers in life is that one day…we will all have estates. Often defined simply as all the money and property of the decedent, real-life estates can get more complicated. The central document to any...
Judith Heft & Associates, Executor Assistants

Judith Heft & Associates, Executor Assistants

When someone is named executor of a will, it comes with a lot of responsibility.  First, they must put the interests of the estate before their own interests — this is called acting as a fiduciary. If any litigation takes place (like a will contest), it’s the...
Set a Reminder: Update Your Will!

Set a Reminder: Update Your Will!

The number one reason I hear people say that they don’t have a will is because they can’t agree on who should be the guardian(s) of their young children. Regardless of the reason, people without wills are at risk of having their estate divided according to...
No, really. You need a will.

No, really. You need a will.

Planning an estate can be unpleasant to think about — going over worst-case scenarios is usually something reserved for nightmares, not something you would consciously attend a meeting to discuss. In my experience, the most common reason parents don’t get wills is...
Young, but not Invincible

Young, but not Invincible

It’s not uncommon for young people to think that they don’t need an estate plan because they don’t have that much to divide up. Regardless, it’s still a good thing to make sure your will is in order. One common thing I hear is Why bother? All of my assets will go to...

Forensic Bookkeeping in Divorce

Last week I talked about a special project we’ve been working on to help settle an estate. This week I have another special project to talk about, centered around divorce. I recently received a referral from a financial advisor colleague. It involved a very...