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Michael-lester

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Michael Lester

Michael Lester

Michael Lester

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Michael Lester

How Do You Know When an Estate is Settled?

How Do You Know When an Estate is Settled?

An estate settlement occurs when the court approves the final report submitted by the executor or administrator. At the same time, the executor's report contains details of payments of the deceased's debts, including taxes and loans. In contrast, any receipts from the sale of assets go to heirs or will beneficiaries.

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Trustee vs Trustor: What's the Difference

Trustee vs Trustor: What's the Difference

If you are planning to set up a living trust, you will hear a lot about two similar terms – trustee and trustor. Although these appear the same, they have significant differences. Therefore, it is crucial to understand the differences between them before finalizing your trust.

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Michael Lester

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