Even though all three of your kids will share the estate equally, naming all three as co-executors is not a great idea.

Imagine this scenario: Christine is in her 70s and needs to revise her will. The last time she looked at the document, her husband was still alive and their three children were toddlers. A lot has ...

Question: My sister and I are the executors of our mother’s estate. My sister lives out of town and I am doing the lion’s share of the work – and boy, there is a lot! Despite the fact that I am doing ...

Far too many of us put off finalizing estate documents because we get hung-up on one or more decisions where we believe we have less than optimal choices. Over my next few posts, I will provide my ...

DEAR JEANNE & LEONARD: A few years ago, after a bankruptcy and a divorce, my brother moved into the casita at our retired parents' new home in the Southwest. "Richard" spends his days swimming and ...

Dear Jeanne & Leonard: My brother refuses to grow up. A few years ago, after a bankruptcy and a divorce, he moved into the casita at our retired parents' new home in the Southwest. “Richard” spends ...

Executors are not personally liable for unpaid debts or lender losses. Costs are paid from the estate or prioritized by law.