An executor is the person named in a Last Will & Testament who is responsible for managing the administration and distribution of the estate of a deceased individual, the “decedent”. For persons who die without a will, the court appoints an administrator to perform that function. Although the time and effort involved will vary with
Many older adults have life insurance that they no longer need. With children grown and no debt, the purpose for which the insurance was acquired no longer exists. Life insurance is an asset that many older adults have. According to Vital Life, 57 percent of Americans aged 65 and older have life insurance policies. In
Takeaways When a child turns 18, parents no longer have automatic access to their medical records or financial accounts. Powers of attorney with HIPAA authorization provisions can help parents assist in an emergency. These documents should be completed before the student leaves for college When your child turns 18, something changes that most families don’t
