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Tag: Executor

Considerations When Choosing Your Executor in Chester County, PA

Posted on Fri Oct 3, 2014, on Estate Planning

If you are a Chester County resident with a will, following your death your executor will take your death certificate, the original copy of your will, a checkbook and an ID card to the Chester County Register of Wills Office to be sworn in as the executor of your estate.

Being an executor means that this person is a fiduciary with many responsibilities and duties. Selecting the correct person for the job is a vital part of your estate plan.

Klenk Law

PA Inheritance Tax in Chester County, PA

Posted on Thu Oct 2, 2014, on Probate and Estate Administration

If an executor sells his mother’s Chester County home, does he have to pay the Pennsylvania probate tax before dividing up the sale proceeds with his siblings?

First, let’s clarify a few things. In Pennsylvania, the “probate tax” is the Pennsylvania Inheritance Tax. Because the estate is being divided up between the mother’s children, that rate is 4.5% on the date of death value of her entire taxable estate. The taxable estate includes the house.

Klenk Law

Re-Opening an Estate in Atlantic County, NJ

Posted on Wed Oct 1, 2014, on Probate and Estate Administration

Question: How do I reopen a closed estate in Atlantic County? My brother served as executor of my father’s estate and in the will I was named as the successor executor. My brother has since died, and I have discovered more assets.

First, understand that an estate is never “closed”. Estates run out of things to do and the file might be moved from the Atlantic County Surrogate’s Office long-term storage area, but once someone is named as executor, they continue to be the executor.
That being said, if the successor executor has discovered more assets that belong to the father and, if the original executor were still alive, it would be a simple matter to get updated paperwork from the Atlantic County Surrogate to prove he is still the executor.

Klenk Law

Choosing Your Executor in Delaware County, PA

Posted on Wed Oct 1, 2014, on Estate Planning

If you are a Delaware County resident with a will, following your death your executor will take your death certificate, the original copy of your will, a checkbook and an ID card to the Delaware County Register of Wills Office to be sworn in as the executor of your estate.

Being an executor means that this person is a fiduciary with many responsibilities and duties. Selecting the correct person for the job is a vital part of your estate plan.

Klenk Law

Choosing Your Executor in Bucks County, PA

Posted on Sun Sep 28, 2014, on Estate Planning

If you are a Bucks County resident with a will, following your death your executor will take your death certificate, the original copy of your will, a checkbook and an ID card to the Bucks County Register of Wills Office to be sworn in as the executor of your estate.

Being an executor means that this person is a fiduciary with many responsibilities and duties. Selecting the correct person for the job is a vital part of your estate plan.

Klenk Law

Estate Administration in a Digital Age

Posted on Wed Sep 19, 2012, on Probate and Estate Administration

Today, people utilize the Internet and social media more than ever before, raising new issues for estate administration. Many people receive bank, credit card, and utility statements electronically, and practically everyone has a Facebook account. Electronic mail and Facebook may hold important information for a personal representative seeking to administer an estate.¹ Obtaining access to that information, however, is a brand new area in probate law.

In some cases, the personal representative may know the password to the decedent’s email, Facebook, and Twitter accounts. In these cases, accessing bills and statements as they come in is relatively easy. But is a personal representative² authorized to access these accounts? In situations where the personal representative does not know the password, how can they obtain it?

Klenk Law

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