PROBATE ASSETS vs. NONPROBATE ASSETS

PROBATE ASSETS vs. NONPROBATE ASSETS

NONPROBATE ASSETS vs. PROBATE ASSETS People often confuse nonprobate assets and probate assets. They also often confuse taxable vs. non taxable assets. Probate assets are those that do not have a beneficiary designation. They are assets that were either not capable of...
Executor’s Roles, Duties, and Powers

Executor’s Roles, Duties, and Powers

Executor Responsibilities, Roles, Duties, and Powers Deborah’s father, Abe, died a resident of Brooklyn in March 2018.  He was survived by his three children, Susan, Deborah, and Greg.  Abe had executed his Last Will and Testament and named Deborah as his Executor,...