Executor

Testamentary capacity is a vital element in writing of wills. Testamentary capacity means that the mental ability of an executor or a testator of a will to know what property he or she owns, his bounty natural objects and the general scheme of disposing the property he owns (Hecker, J. 2010). To start with, it will be pivotal to deduce facts related to the executor of the will. The first thing to know will be to know if the testator had was at least 18 years of age. I will also seek to know…

discussed the different concepts that mold both followers and leaders. The concept that I found most important was Team Roles, specifically the CARE model. The different team roles that make up the CARE model are, Creator, Advancer, Refiner and Executor. There is team one role that is not in the CARE model however, it is equally as important to the team and that is Flexors. According to Noncommissioned Officer Academy Distance Learning Course (NCOA DLC), “The mission cannot be completed…

children suddenly dies what happens to their portion of the estate? Does it get split two ways now or does their portion get divided amongst the couple’s grandchildren from their deceased child? I know which way I’d choose but as mentioned in the executor examples mentioned earlier, sometimes what seems so obvious is apparently not the…

Filing the estate income tax return is a complex undertaking for the common executor. Fortunately, at the federal level, filing the estate income tax return is required only if the earned income after death reaches $600.00 or more. So, with proper planning, you could minimize the income earned by the estate after death and avoid the estate income tax entirely. According to the article Track the Estate Income, the four common types of income that keep earning after death are the following: 1.…

father not having rights over the body and for not receiving the estate. In February of 2003, Wayne Snell, father of Lanny Snell purchased his prepaid cremation at his local funeral home. Wayne also named his longtime girlfriend Rosa Mehler his executor of his estate and his durable health care power of attorney. Wayne’s girlfriend Rosa ended up passing away, leaving the estate to go to Rosa’s niece, Ms. Kilburn. Which was whom Wayne had made his alternative. In May of 2003, Wayne was found…

functions are competencies that corporations scout out while interviewing for an administrative opening. The most common competencies include; talent managers/organizational designers; culture and change stewards; strategy architect; operational executors; business allies; and credible activists. “The skills of a company’s HR professionals account for 20 percent of its business results and increasingly are becoming part of an organizations competitive edge” (Gurchiek, Kathy). A career in Human…

The demanding beneficiary is the most frustrating type of beneficiary an executor has to handle. A demanding beneficiary will abuse their rights as a beneficiary for the purpose of demanding more property than they are entitled to. As executor, I had to handle a demanding beneficiary which started with a wish list for personal possessions soon after the funeral. In the article The Mistake I Made in the First Few Days, I had mentioned that a beneficiary and others went to the second floor…

be handed down to my family. If I were to have kids, my children would be appointed to my spouse. If I were single they would be appointed to my parents, or grandparents. My executor would be an attorney, bank, or trust company, just to not have any fighting or hard feelings between siblings. My letter of intent to my executor will have my wishes for funeral arrangements and whom I would want to come.…

exception of the legislators, Vice President, and judges. Even those appointed in independent regulatory agencies, even though they were placed by Congress for a set term, did not appear to be safe. In the Supreme Court case Humphrey’s Executor v. United States, the executor for William Humphrey, an employee of the Federal Trade Commission (FTC), brought a lawsuit against President Franklin D. Roosevelt. During Humphrey’s time at the FTC, he opposed President Roosevelt’s New Deal. After several…

Michael Jackson is one of the most famous musical artists in history. His net worth stands at $600 million today. However, at the time of his death in 2009, his estate’s net worth was roughly equal to its debts. It stood at $500 million, according to realtytoday.com. According to a celebrity news website known as TMZ, Michael Jackson’s estate has come back from the brink of bankruptcy, earning almost $2 billion since 2009 when he met his untimely death. According to TMZ, if all the expenses…