Serving as an executor is often a huge honor. It's a show of trust and good faith for a friend or family member to bestow you with this responsibility, being a clear indicator that you're a person of integrity. But being the executor of someone's will is a serious...
Estate Administration
Probate in Pennsylvania courts
On Behalf of John C. Lackatos, P.C. | Oct 1, 2021 | Estate Administration
Probate is a proceeding that handles the affairs of your estate when you die. In probate, the public has a right to contest the ownership of your assets. How the court handles an estate in probate depends on the assets held within it. Estate administration in...
What does an executor do?
On Behalf of John C. Lackatos, P.C. | Apr 15, 2021 | Estate Administration
Being an executor for an individual's last will and testament can be honorable, but the responsibilities can be daunting as well. An executor is in charge of ensuring that an individual's last wishes are fulfilled when it comes to distributing possessions and...
The crucial responsibilities of a reliable and organized executor
On Behalf of John C. Lackatos, P.C. | Mar 5, 2021 | Estate Administration
The executor’s role in estate planning is a crucial one. A great number of responsibilities come with the job. The main responsibility is to ensure that the will is carried out to the instructions of the testator – the person who created the will. The role is...
Experienced advice helps avoid common estate planning errors
On Behalf of John C. Lackatos, P.C. | Jul 5, 2019 | Estate Administration
While creating a last will and testament is an important estate planning step, it is not the only one Pennsylvania residents should be taking. Unfortunately, not many people realize there are a number of tools available to distribute one's assets to loved ones, and it...
What common mistakes do executors make when distributing assets?
On Behalf of John C. Lackatos, P.C. | Jun 21, 2019 | Estate Administration
Being named the executor of someone's estate is not a job that should be taken lightly. The executor has the legal responsibility of arranging for the payment of all income and estate taxes, wrap up the affairs of the estate and distribute the assets of the estate....
Choose the executor of your estate wisely
On Behalf of John C. Lackatos, P.C. | Apr 17, 2019 | Estate Administration
When a loved one or family member asks a Pennsylvania resident to become the executor of their estate, it is natural to feel honored at the request. If the testator is near death, then there is an even more pressing need to agree and ease their stress. However, it's...
What are the duties of the executor of an estate?
On Behalf of John C. Lackatos, P.C. | Aug 22, 2018 | Estate Administration
Being appointed the executor of a loved one's estate is an honor. However, it can also cause confusion, especially if one does not have any experience in estate administration in Pennsylvania. It can be intimidating, to say the least. Essentially, though, the executor...
What duties does a personal representative have in Pennsylvania?
On Behalf of John C. Lackatos, P.C. | Aug 6, 2018 | Estate Administration
Losing a loved one is an emotional process. When people are grieving, they may not initially be thinking of what will happen to their loved one's assets. However, there are legalities that must be followed with regards to the distribution of the deceased's assets....
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