Specializing in the Counties of Placer, Sacramento, Yolo, Yuba and El Dorado.
CLAUDIA VYHMEISTER Realtor® | BRE# 01393964
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2220 Douglas Blvd. Ste. 100
Roseville, CA 95661 Member of the Master's Club Five Star Professional Award Accredited Buyer Rep. Foreclosure Specialist |
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 Things to Consider When Picking an Executor The role of an executor is to effectuate a deceased person’s wishes as declared in a will after he or she has passed on. The executor’s responsibilities include the distribution of assets, according to the will, the maintenance of assets until the will is settled, and the paying of estate bills and debts. An old joke says that you should choose an enemy to perform the task because it is such a thankless job, even though the executor may take a percentage of the estate’s assets as a fee. The following issues should be considered when choosing an executor for one's estate. Competency: The executor of an estate will be going through financial and legal documents and transferring documents from the testator to the beneficiaries. If there are legal proceedings, the executor must make all necessary court appearances. There is no requirement that a testator has any financial or legal training, but familiarity with these areas does avoid the intimidation felt by lay people, and potentially saves money on professional fees. Trustworthiness: The signature of an executor is equivalent to that of the testator of an estate. The executor has full control over all of an estate’s assets. He or she will be required to go through all of the papers of the deceased to confirm what assets are available to be distributed. The temptation to transfer assets into the executor's own name always exists, particularly when there is a large estate. It is important to choose a person with integrity who will resist this temptation. It makes sense to utilize an individual who is an heir to fill the role to alleviate this concern. Availability: The work of collecting rents, maintaining the property, and paying debts can take more than a few hours a week. Selecting an executor with significant obligations to work or family may cause problems if he or she does not have the time available to devote to the task. If an executor must travel great distances to address issues that arise, there will be more of a time commitment necessary, not to mention greater expenses for the estate. Family dynamics: Selection of the wrong person to act as executor can create resentment and hostility among an estate’s heirs. A testator should be aware of how family members interact with one another and avoid picking someone who may provoke conflict. Even the perception of impropriety can lead to a lawsuit, which will serve to take money out of the estate’s coffers and delay the legitimate distribution of the estate. |
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www.SacramentoEstatePlans.com
2377 Gold Meadow Way, Suite 100 Gold River, CA 95670
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Sacramento, California, Wills, Trusts, Attorney
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Things to Consider When Picking an Executor The role of an executor is to effectuate a deceased person’s wishes as declared in a will after he or she has passed on. The executor’s responsibilities include the distribution of assets, according to the will, the maintenance of assets until the will is settled, and the paying of estate bills and debts. An old joke says that you should choose an enemy to perform the task because it is such a thankless job, even though the executor may take a percentage of the estate’s assets as a fee. The following issues should be considered when choosing an executor for one's estate. Competency: The executor of an estate will be going through financial and legal documents and transferring documents from the testator to the beneficiaries. If there are legal proceedings, the executor must make all necessary court appearances. There is no requirement that a testator has any financial or legal training, but familiarity with these areas does avoid the intimidation felt by lay people, and potentially saves money on professional fees. Trustworthiness: The signature of an executor is equivalent to that of the testator of an estate. The executor has full control over all of an estate’s assets. He or she will be required to go through all of the papers of the deceased to confirm what assets are available to be distributed. The temptation to transfer assets into the executor's own name always exists, particularly when there is a large estate. It is important to choose a person with integrity who will resist this temptation. It makes sense to utilize an individual who is an heir to fill the role to alleviate this concern. Availability: The work of collecting rents, maintaining the property, and paying debts can take more than a few hours a week. Selecting an executor with significant obligations to work or family may cause problems if he or she does not have the time available to devote to the task. If an executor must travel great distances to address issues that arise, there will be more of a time commitment necessary, not to mention greater expenses for the estate. Family dynamics: Selection of the wrong person to act as executor can create resentment and hostility among an estate’s heirs. A testator should be aware of how family members interact with one another and avoid picking someone who may provoke conflict. Even the perception of impropriety can lead to a lawsuit, which will serve to take money out of the estate’s coffers and delay the legitimate distribution of the estate. |
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www.SacramentoEstatePlans.com
2377 Gold Meadow Way, Suite 100 Gold River, CA 95670
__________________________________________________________________
Sacramento, California, Wills, Trusts, Attorney
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Online webcam notarizations are invalid and illegal activities for California notaries public.
California notaries public should beware of misleading information from private companies claiming to have legal online notarization websites and legal online notarization services. Web-based platforms that purport to allow a person to submit copies of identification over the Internet and to use a webcam in lieu of a personal appearance in front of a notary public (e.g., appearance via webcam) do not meetthe requirements for notarization by California notaries public.
Sergio Musetti
Bilingual Spanish Mobile Notary Public,
Certified Notary Signing Agent,
Carmichael, 95608 Sacramento County
Tel 707-992-5551
www.aSpanishMobileNotary.com
we.CaliforniaApostille.com
California Mobile Notary Network http://CAMNN.com
Save $100's or even $1000's on your taxes. |
Did you know that the fees you collect for performing notarial acts are not subject to Federal Self Employment Tax (15.3%), whereas the rest or your net income is? And if you're not reporting this amount to your
EXAMPLE: Let's say that on average you perform 2 notarial acts per signing and the maximum amount you can charge in your state is $7 per notarial act. Now let's also assume you do 8 signings per month on average. That comes to $1,344 of
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Helping notaries on 148,872 signings and counting
Notary Gadget.  |
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