Special Administrator
A special administrator is a person appointed by the court in a probate proceeding to manage the assets and/or investigate the status of the estate and report to the court.…
Special Executor
A special executor is an executor who is charged with the responsibility of administering a portion of the decedent’s estate. Such an executor’s power is limited to a portion of…
Foreign Personal Representative
Personal Representative manages the financial affairs of another person unable to manage it him/her self. When a person dies, a personal representative settles the decedent’s financial affairs. Pursuant to Section…
Executors and Administrators
Executors and administrators are the representatives of decedents’ estates and have the responsibility of administering and settling those estates. An executor is nominated by the testator for the purpose of…
Executor’s Bond
Executors and administrators are the representatives of decedents’ estates and have the responsibility of administering and settling those estates. An executor is nominated by the testator for the purpose of…
Fiduciary Bond
A fiduciary bond provides insurance protection against the possibility of fraud or embezzlement by a fiduciary. A fiduciary is someone who owes a duty of loyalty to safeguard the interests…
Prudent Investor Rule (Guardianship)
Prudent investor rule is a rule that requires a guardian to use prudence while investing the assets of a ward. It recognizes that certain nontraditional investments may actually be prudent.…
Successor Executor or Trustee
Successor executor or trustee refers to an alternate person named in a Will or Trust who becomes the executor or trustee in the event that the person named initially fails…
Joint Trustees
Joint trustees are two or more persons who are entrusted with property for the benefit of one or more others. Joint trustees cannot act independently. They must join in both…
