Who is responsible for payment of my bills when I pass away? If your estate goes through probate –which it does NOT have to do – that person is the one named in your last will and testament and known as your Executor or Personal Representative. If you choose to use a trust to settle your estate – thereby avoiding probate – that person is your Successor Trustee. That person must be thorough and trustworthy. Moreover, he or she must have the time to carry out those duties and responsibilities. Choose carefully.
-Jack N. Alpern, Esq.
Latest posts by Jack N. Alpern, Estate Planning Attorney (see all)
- The Inflation Reduction Act - September 13, 2022
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