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A will is a legal document allowing a person to direct distribution of their assets upon their death. This is important, because if you don’t have a will, the state will impose a distribution mechanism that might be inconsistent with what you would have wanted.
Read MoreA trustee is a person who has been named in the trust, to act in accordance with the terms of the trust. A trustee has a responsibility under the law to exercise due care in executing the terms of the trust.
Read MoreTo make a simple change to your will, you can execute what is called a codicil or revision to the will. If the change is more complex, you will need to have a new will drawn.
Read MoreIn Delaware, a will should be stored in a safe place, and potentially, a copy with the executor. The Register of Wills can provide a safe place to store is prior to probate – for a small fee.
Read MoreTo prepare a will, you need to prepare a list of all your assets, such as checking accounts, savings accounts, stocks, bonds, 401(k)s, insurance policies, and any real estate assets that you hold. Also, prepare a document outlining, basically, how you want all your assets dispersed upon your death.
Read MoreTo probate a will in Delaware, the will must be delivered to the Register of Wills office in the county where the deceased resided. Letters of Administration will be issued at that point, and a small fee collected. Also, and affidavit will be sworn by you, testifying that you are capable of carrying out the […]
Read MoreIn Delaware, endurable power of attorney grants the agent broad rights to act in the place of the principal. Your agent should be someone you trust, and that he/she acknowledges their rights, duties and responsibilities as your agent.
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