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August 22, 2011

Write a Will

If you haven't taken time to write a Will, what's holding you back? Do you think you don't need one or that it's too costly? Do you think you're too young or that you don't own anything of value so what's the point? The point is everyone aged 18 and up needs a Will if for no other reason than to provide directives to loved ones.

Taking time to write a Will is by far the best thing you can leave behind. Doing so speeds up the probate process and ensures property and cash is transferred to the people you want to have it.

There are many ways to write a last will and testament. Some people download templates from the Internet and fill in the blanks. Others purchase do it yourself Will kits or utilize online services such as LegalZoom. Most prefer working with an estate planning service or probate lawyer.

Real Estate Investing article on "Write a Will"

August 16, 2011

Estate Agents

Estate agents are people assigned to oversee estate settlement procedures when a person dies. In most cases, people are appointed through a last will and testament, but might be confirmed through probate court to act on behalf of the estate.

State laws require estate agents to be of legal age and prohibit anyone with a criminal record from engaging in estate settlement procedures. The person chosen for this position should be capable of making sound decisions on behalf of the estate and rightful heirs. They should be good with finances and capable of providing detailed accounting reports, as well as being proficient with recordkeeping.

Real Estate Investing article on "Estate Agents "

January 04, 2010

Personal Representative

Personal representative refers to a person who manages the estate of a deceased person. Estate administrators are appointed within decedent's last will and testament. If no Will exists, personal representatives are appointed by a probate judge.

A personal representative usually requires legal assistance from a probate or estate planning lawyer. Estate settlement must adhere to state probate laws and involves submitting various documents to the court. Few people are prepared to undergo the process of probate alone.

Real Estate Investing article on "Personal Representative"