Creating a solid and legally binding estate plan is crucial to ensure your loved ones receive your assets in the manner you see fit. However, you’ll also need to choose an executor to handle tasks after you’re gone, and the executor will be responsible for overseeing estate distribution.
Here at Walk-In Wills, we know that the distribution process is often complex. That’s why we provide a wide range of estate planning services to clients throughout Chandler, AZ, which affords great peace of mind.
Your estate is made up of many assets, which includes the following:
Things like property can be left to heirs outright, or it can be sold and distributed among several heirs. With financial accounts, one heir can receive all the proceeds, or they can be dispersed to numerous people. It all depends on the wishes of the estate holder and the information they include in their will.
Before assets can be distributed, the executor must make sure any outstanding debts are settled. This is part of the probate process, which ensures the will is valid, that debts are paid, and finally, that heirs receive assets.
Executors have a major responsibility when it comes to estate distribution. As a result, you must make a careful selection. In addition to carrying out numerous duties, executors also have access to your entire estate and can make decisions on your behalf. Accordingly, you should consider the following questions when making a choice:
The first step to creating a dependable estate plan is to schedule a no-obligation consultation at Walk-In Wills today.