When preparing one's estate plans in Providence, one of the most important decisions to be made may be the selection of an executor. Whoever is asked to fill this role may be stepping into a monumental undertaking, one that can last for years (or even longer). This may be particularly true for estates that count intellectual properties amongst their assets. Renowned novels, songs or works of art may endure for many generations, and people may one day want to utilize them in their own works. It is in these scenarios where an executor or personal representative may really need to work to ensure that a creator's interests are well-represented.
Having a solid estate plan in place offers great peace of mind to both you and your family. However, it’s important that your plan is valid and legally binding, otherwise you run the risk of ending up in probate court. To help you and your legal team craft a reliable estate plan, The Street offers the following advice.
Some people in Rhode Island choose to write their own wills to save money on legal costs. While there are numerous DIY estate planning tools available, creating your own will can end up costing you and your family both money and time in the long run. The Balance offers the following insight, which might make you think twice before creating your own will.
When it comes to your will, you may have many different things to take into consideration. However, the way in which you divide your assets among loved ones is a crucial part of your will and our law office also realizes that this can be an especially difficult aspect of estate planning. For example, you may be uncertain of the best way to distribute assets among heirs and things may change in your life, causing you to rethink how you have set up your will. When this happens, you may even want to add or remove beneficiaries from your will.