If you have a Last Will and Testament that was created before your child turned 18 years old, you may now want to consider updating it. Updating a will can be done by either 1) having a new will that takes the place of the old one; or 2) doing a "codicil" which is a specifically worded and witnessed legal document that attaches to the current will. Once your child is an adult, you can … [Read more...] about Should Your Adult Child Now be Named as Executor of Your Will?
The May 2013 AARP Bulletin has an excellent article about being an executor of an estate. The article urges that anyone who is going to make that promise or take on that responsibility should know the practical aspects of the job they are signing up to do. Specifically, anyone who is going to accept an appointment as executor should first ask himself/herself whether they have the time, skills, … [Read more...] about What you Need To Know About Being an Executor