One of the key responsibilities of the person drafting a will, or testator, is to select the executor of their estate. The individual appointed to this role is responsible for preserving the value of its assets, filing its final tax return, paying creditors and distributing what's left in the estate to any heirs. It's a sign of trusts for a testator to appoint you to this role. Being given it doesn't mean that the heirs will agree that you're worthy of it, though.
It's not out of the ordinary to get married two times in life. It's also not out of the ordinary to have children from your first marriage move in with you and your new spouse in Bridgewater, New Jersey. What many parents need to realize is that they have to protect their children in their second marriage. This is done by updating the estate plan and creating a trust.
People who pass away have often battled a long illness like cancer. Many have simply had years of poor health. Sometimes they die after a serious accident. In all of these cases, they may leave many thousands of dollars in medical bills. What happens to all of those unpaid bills?
