Posted: 3/13/2025 10:34:48 AM EDT
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I'm trying to figure out if I can hire someone to be an executor of my estate. I know most people make it a friend or family but I don't really have someone to put in charge of that. ~my mother has me as her POA and she is currently not able to care for herself and I have placed her in 24/7 care. I'm going to get a life insurance policy on myself and I want to make it so that will fund her care if I am not around but I am not sure who would actually act on her/my behalf. |
Lug1: Maybe a trip to Trader Joe's would cheer you up, or eating some dandeliions...Check your size 12 birkenstocks
FGracing: Congratulations on being the premier example on why join date and post count is meaningless
FGracing: Congratulations on being the premier example on why join date and post count is meaningless
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Thanks all. I don't even have a will at the moment and I was at a loss for words to explain what my goal was when I met with the financial advisor on Tuesday to discuss the life insurance. Very eye opening moment into needing a professional to help me get this all figured out |
Lug1: Maybe a trip to Trader Joe's would cheer you up, or eating some dandeliions...Check your size 12 birkenstocks
FGracing: Congratulations on being the premier example on why join date and post count is meaningless
FGracing: Congratulations on being the premier example on why join date and post count is meaningless
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Lawyers. Investigate if a living trust fits your needs better than a will with an executor. In many States, wills go through probate court which isn't simple. A trust avoids all that. It can also avoid "death taxes" where the State/feds take a percentage of the value as a tax. |
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Originally Posted By SideCarGT: Yes. You can hire an attorney to do it. Some banks that have personal banking services will do that and also act as trustee for trusts. Given personal experience I would not use a bank as a trustee. Or if you do, don't use Bank of America. Everything in the trust was in BoA's high-load badly-performing funds and they pulled out trustee fees on top. At the end of they day they got more than the beneficiaries did. |
Heller II - Challenging DC's bans on semi-automatic rifles, large-capacity ammunition feeding devices, and its onerous and expensive handgun registration process. http://www.HellerFoundation.org/