If you have been named the executor of an estate, you are responsible for overseeing the distribution of that estate. It’s an honor, but can also be an overwhelming responsibility, especially if your loved one has a particularly complicated estate.

Understanding Responsibilities of an Executor

Besides having to decipher legal terminology and be familiar with how probate works, as an executor you must be willing to travel to where the testator resided and interact with grieving family members. Other duties include filling out the appropriate paperwork and overseeing any investments.

You might have to handle complex issues regarding certain assets. Although your control does not…

If you live in Missouri and are interested in drafting a DIY will, Missouri law outlines the requirements for creating a valid will in the state. As long as your will follows those rules, the document will generally be deemed valid by the court upon your death.

Process for Creating a Valid Will

Here is a high-level overview of the process for creating a valid will in Missouri:

  • The testator (person creating the will for himself) drafts a will.
  • The testator then chooses two witnesses (at least age 18). Wills must be signed in the presence of witnesses in order to be valid. Witnesses should sign…

Most people only have a vague notion of what a will and a living trust is. Since both involve transferring or protecting assets, they’re often confused. But both of these documents serve different purposes.

What is a will?

A will essentially does four things:

  1. Gives instructions on how to distribute assets and property upon death
  2. Names beneficiaries
  3. Allows you to choose an executor to oversee the distribution of assets
  4. Allows you to choose a guardian to finish raising minor children

A will only goes into effect after you die. …

Getting finance is one of the most important aspects of a home buying process. If you are like most first-time homebuyers, chances are you considering opting for a mortgage for your home purchase. With the variety of home financing options at your disposal as a first-time homebuyer, finding the right mortgage for your home can save you lots of time and money in the long run.

In this article, you will learn more about the various home loan options for first-time homebuyers, their offerings, and requirements in 2020.

Types of Home Loan

There are several mortgage options available to first-time homebuyers in the US…

Becoming a investment property owner is an easy way to generate regular passive income, diversify your investment portfolio, and build equity for the future. But, unless you have lots of idle cash, you’ll need to get external financing to purchase an investment property. In fact, even if you can buy in cash, borrowing is still an excellent option due to the ample benefits it offers.

Financing an investment property is quite different from financing your primary home or car. Financing for investment property comes in different forms, timelines, and involves specific criteria you must meet to be eligible for one…

Technology has made every aspect of buying what you need easier and more convenient. The housing industry is no exception to the trend. Online quotes and digital mortgages can make your dream of homeownership seem closer to reality than ever before, but the information you receive can be deceiving.

You may have no problem getting approved electronically for a home loan. However, that doesn’t necessarily mean you should jump right in with both feet. The ability to afford a monthly payment isn’t the same thing as being comfortable with a payment plan. …

Owning the perfect home in the perfect city, in the perfect neighborhood is a dream for most. While buying a home is one of the most exciting times in your life, it is a huge undertaking. In fact, a home is one of the largest investments you will make in your life. For many, this can seem like an overwhelming process. This is especially true for those who are financially strapped and have either been declined a conventional loan or believe they will not be eligible for a conventional loan. What most are not aware of is that there are…

Each day, you work hard with the intention to make life better for yourself and your family. You save little by little to fulfill your dream of own a home someday. But do you want to be 50 by the time you have your own house?

One of the best ways to invest in your future is to have homeownership today. It would improve the quality of your life today, and tomorrow. According to experts, homeownership can produce powerful economic, social, and civic benefits that serve the individual homeowner, the larger community, and the nation. …

Many people wonder what the best time of year to buy a home really is. One time that you may not consider when purchasing a home is during the summer season. However, purchasing a home during the summer season can actually work to the buyer’s advantage in several different ways.

The following are 6 great reasons why buying a home in the summer is a great time to purchase a home:

  • The Kids Are Out Of School:

If you are looking to move any distance away from the area in which you live moving towards the beginning of the summer…

Many people believe that they will only qualify for a loan for a mortgage if they have a great credit score. While having a great credit score is a good thing when you are buying a home, to say that you cannot get a home without a stellar credit score is simply not true.

So, if you are someone seeking a mortgage and don’t have the best of credit, fear not. There are loan options available for people with a variety of credit scores.

The Pros To Having A Good Credit Score:

While people with a variety of different credit scores can indeed get approved for a mortgage…

Elijah Agor

Elijah Agor, an advocate for vulnerable adults, writer, and a chocolate chip cookie connoisseur.

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