With an estate plan in place, you'd think the work would be over. But preparing your executor is the final nail in the estate-planning coffin.
Use this checklist to make sure that your executor is on board with your plans.ChecklistI have a legally valid will.I have reviewed my will with my executor and answered questions and explained rationales.My executor knows where the will is kept and has access.My executor is granted full leeway in hiring professionals to help in carrying out my wishes and that is reflected in my will.All of my records in regard to finances, property and investments are up to date and well organized, and the executor of my estate has access to them.I gave the executor the names and phone numbers of my Certified Public Accountant, banker, lawyer and any other financial advisers.The executor knows how I want to be buried and has it in writing.The executor is aware of my wishes regarding organ donation and the organizations to which I would like them donated.View worksheet archive
Use this checklist to make sure that your executor is on board with your plans.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.
According to the Supreme Court, you can rescind, or cancel, the mortgage any time within three years. All you have to do is send a letter to the lender.
... Read more