Home Ownership
How to Change the Executor of a Will
By admin | |

Drafting a last will and testament can help to ensure that your assets are distributed according to your wishes after you pass away. You can also use your will to name a legal guardian for minor children or choose an … Continue reading →

The post How to Change the Executor of a Will appeared first on SmartAsset Blog.

Fiduciary Bonds: Definition, Types, Costs
By admin | |

A fiduciary bond, otherwise known as a probate bond, is a protective court bond that ensures a fiduciary will honor the expectations placed on them according to the law. The fiduciary bond upholds the interests and protection of the estate … Continue reading →

The post Fiduciary Bonds: Definition, Types, Costs appeared first on SmartAsset Blog.

Can I Inherit Debt?
By admin | |

When someone passes away leaving debts behind, you might be wondering if you have any personal liability to pay them. If you have aging parents, for instance, you may be worried about having to assume responsibility for their mortgage payments, … Continue reading →

The post Can I Inherit Debt? appeared first on SmartAsset Blog.

Who Can and Cannot Witness a Will?
By admin | |

A will is an important part of your financial plan. When you create a will and testament, you’re creating a legal document that determines how your assets will be distributed once you pass away. You can also use a will … Continue reading →

The post Who Can and Cannot Witness a Will? appeared first on SmartAsset Blog.

Per Stirpes vs. Per Capita in Estate Planning
By admin | |

When creating an estate plan, one of the most basic documents you may wish to include is a will. If you have a more complicated estate, you might also need to have a trust in place. Both a will and … Continue reading →

The post Per Stirpes vs. Per Capita in Estate Planning appeared first on SmartAsset Blog.

A Guide to Schedule K-1 (Form 1041)
By admin | |

Inheriting property or other assets typically involves filing the appropriate tax forms with the IRS. Schedule K-1 (Form 1041) is used to report a beneficiary’s share of an estate or trust, including income as well as credits, deductions and profits. … Continue reading →

The post A Guide to Schedule K-1 (Form 1041) appeared first on SmartAsset Blog.