My father and mother recently named me as executor of their modest estates. However, as I have no experience with this, they believe it may be helpful for me to have a co-executor, and my father has set up a meeting with a lawyer in Boston. (My parents live in Virginia, and I live in New York). Can anyone offer insight into what questions I should ask the prospective co-executor, or what the possible pros and cons are for having a "professional" co-executor?
posted by anonymous
on Oct 21, 2008 -
Estate-lawyer-in-Toronto-filter. We need to make wills. We're just a couple with kids -- not much of an estate nor any complicated plans. (And we're apparently not any good at following through on the plan to write them up ourselves :-) Any lawyer recommendations? We're in South Riverdale if it makes any difference. (Feel free to plug yourself if you are one)
posted by winston
on Jun 9, 2007 -
Anyone had a will prepared through www.legalzoom.com?
Care to share how it went? Or have recommendations to another online "will mill", or strong arguments against using one? [more inside]
posted by de void
on Oct 16, 2006 -
My elderly mother’s assets are nearly all tied up in her house. She needs cash now for expenses and she refuses to consider a reverse mortgage. One of my two siblings recommended establishing a life estate to protect mom’s home for her to live in, while one of us three buys the remainder estate to provide her the cash to live on. The remainder estate is valued at two thirds the appraised value of Mom’s house. Our mother’s will currently reads that her estate will be divided equally three ways on her death, and she is unlikely to change it. Is it possible that the sibling who buys the remainder estate could actually end up with much more of the total estate than the others by receiving a free-and-clear deed to the house upon our mother’s death while having actually paid only a fraction of its cost (the appraised value minus the value of Mother’s life estate and their own one third interest in the cash value left over from the remainder estate?)
posted by hdfische
on May 1, 2006 -