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Pennsylvania Asset Protection & Estate Planning Blog Will & Trust Attorney Blog For Unruh, Turner, Burke & Frees
Executor, Trustees and Probate
Mistake Number Ten: Failure To Properly Conclude The Estate Administration And Exposing Yourself To Personal Liability
The tenth mistake that Pennsylvannia Executors make is failing to conclude their Estate Administration. To conclude Estate Administation you either have to go through court and have them okay it or to create a faimly settlement agreement. Many executors simply hand the money out and walk away. Without closing the Estate Administration the executor is liable should anything happen in the future. Going to court is not necessary in most cases. A family settlement agreement is the best way to conclude an Estate Administration. The agreement lets everyone involved in the estate know all of the information from how much the attorney was paid, to the amount everyone was given, to the executors commision. To limit liabililty and properly conclude an Estate Administration have a family settlement agreement created.For more information on this topic click here.
David M. Frees III Esq.
610-933-8069
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Offices
Offices
Phoenixville
120 Gay St.
Phoenixville, PA 19460
Phone: (610) 933-8069
Fax: (610) 240-9323
Regular Business Hours
Malvern
116 E. King St.
Malvern, PA 19355
Phone: (610) 240-0750
Fax: 610-240-9323
By Appointment
West Chester
17 W. Gay St.
P.O. Box 515
West Chester, PA 19381
Phone: (610) 933-8069
Fax: 610-240-9323
See David by Appointment call 610-933-8069 For David Frees
