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Executors – Watch Out for these 3 Estate Investing Mistakes

 

The executor of a will may be called upon to manage probate assets that include cash as well as stocks and bonds. It can be easy to make some common mistakes and end up in a legal battle with heirs of the estate. Here are three faux pas to watch out for when managing probate assets.

Step 1 to Filing a Lawsuit

When a person is harmed, often the only sensible means by which he or she can be made whole is to initiate legal proceedings against the wrongdoer. Under most circumstances, legal proceedings begin once official documents are filed with the Court. There are also many forms of alternative dispute resolution ("ADR") such as mediation or arbitration. ADR is a great tool and should be used when possible, but some defendants will not take a party seriously until a lawsuit has been filed.

Quick Guide to Your Estate Planning Needs

Everyone needs to play for what might happen in the future. It can often be overwhelming or seem unnecessary. This quick guide briefly breaks down what you need and why.

The First Steps After Being Sued

Once you have been formally served with a lawsuit, you must file a written response with the Court. Most commonly, you have a mere thirty calendar days to file your written response. See CCP § 420.12. You have less time in an eviction. The clock does not start ticking the moment the lawsuit -- or Summons and Complaint -- is placed in your hand unless it was personally served. If you received it in the mail or from the front secretary of your office, the clock starts ticking on the date service was complete.

If Only Our Pets Could Tell Us When to Let Go

Losing a family pet is hard. For some, it feels like you've lost your best friend. Thanks to mother nature, this is an experience that animal lovers experience multiples times over the course of a lifetime. It never gets any easier, but there is something to be learned from it.

The first hard part is when you start to see your pet experience physical ailments and wonder whether he is suffering. This is the part where you watch your sprite kitten lose its fur and your playful dog struggle to stand. As right-to-die legislation is approved in California , we are reminded that our beloved pets have always had this right – and it didn't make the decision any easier. How does anyone decide when to end the suffering of their dying friend? How does someone decide whether to pay for that expensive cancer treatment? How does one know whether their canine-child would prefer enduring pain or sleep-inducing medication? It's no small task to end the life of a loved one, even when you know they're suffering. If only we could ask…

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