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March 2019 Archives

Executors shouldn't try to administer an estate all on their own

On behalf of Vizzoni Law Firm, L.L.C. posted in Estate Administration on Friday, March 29, 2019.

When a testator drafts their will, they're required to appoint an executor to handle their estate once they've passed on. The person selected for this role should be trustworthy as they'll be responsible for paying final expenses and distributing assets to your heirs. This executor should be advised of their appointment to this role in advance so that they can learn more about their responsibilities.

Trusts and insurance are key asset protection planning approaches

On behalf of Vizzoni Law Firm, L.L.C. posted in Asset Protection Planning on Friday, March 15, 2019.

If you were to ask most Americans what estate planning entails, they'd likely say that it involves drafting a will, a power of attorney or maybe setting up a trust or something else along those lines. If asked to give a reason why they need each of these, they'd likely tell you to designate their assets for their heirs after they've died. What they may not know is that these are instruments, much like insurance, that can also help preserve an asset's value.

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