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February 2019 Archives

What is your role as an estate administrator?

If you have recently lost a close friend or loved one, you may be dealing with a host of emotions stemming from the loss. You may have even more emotions if you discover that your passed loved one named you as the estate administrator or executor to the will. As the estate executor, there are a myriad of tasks you are responsible for in settling the terms of the estate and ensuring that the deceased’s property is properly distributed to the beneficiaries named in the will.

How do you revoke power of attorney?

Reaching the point of incapacity is something that you may need to contemplate as part of your estate planning. If and when that happens, who is to make important decisions in your stead (particularly involving your medical care)? Empowering a family member or friend in Providence with durable power of attorney eliminates the issue of who will act on your behalf in regard to your health care. There may even be scenarios where you might want to grant another with this authority even if you are not completely incapacitated. Yet simply giving one power of attorney privileges does not necessarily mean that all of their decisions may be in your best interest. 

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