Flynn, Py & Kruse
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trust & probate administration Archives

What does a will executor do?

If you are looking at creating your first will in Ohio or perhaps are planning to review and maybe update your existing will, it is important to be clear about what is required of the person who you will identify as the executor of your will. While many people may think the best person for this role is a spouse, adult child or other close relative, the decision about who to appoint as your will's executor should not be made on familial relation but on the skill and ability of the person.

What is a trust?

During your estate planning process in Ohio, you may be asked if you want to create a trust. According to The Motley Fool, a trust is basically an account set up for the benefit of someone else. It gets a little more complicated than that, though. Trusts usually have rules and guidelines. They also often have a trustee, who is appointed to manage the trust for the beneficiary.

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