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The Responsibilities of an Estate Executor

9 Duties of an Estate Executor Acting as an executor for someone’s estate is not only an honor but a great responsibility. In fact, the average executor will spend more than 570 hours settling an estate. In a very broad sense, executors are responsible for...

Advantages and Disadvantages of an ILIT

Pros and Cons of Choosing an Irrevocable Life Insurance Trust Trusts are often an important aspect of planning your estate that can be used in lieu of a will or to complement a will. An estate planning lawyer can help you set up an ILIT, which is an irrevocable trust...

Are Your Heirs Responsible for Paying Your Debts?

In most cases, your creditors will not be able to pursue your heirs if there isn’t enough money in your estate to cover all the financial obligations. The one exception would be your spouse. After a spouse dies, his or her debts remain on the books and they still need...
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