Not sure if this is the right forum but have anyone one of you ever been an Executor or Trustee of an Estate? I'm the Executer of my elderly fathers Living Trust but I'm not sure exactly what I do first when the time comes.
He basically has a paid off house, money in CD's earmarked for us siblings along with a few stocks and of course the contents of the home.
Do most people just start with contacting a lawyer or the firm that wrote up the trust in the first place and go from there? In my fathers case I know everything's pretty well spelled out as to who gets what, etc. But who basically walks me through all this.
As for lawyer costs, I assume anything they charge simply comes out of the estate? Any good tips on how this whole process works?
Thanks
He basically has a paid off house, money in CD's earmarked for us siblings along with a few stocks and of course the contents of the home.
Do most people just start with contacting a lawyer or the firm that wrote up the trust in the first place and go from there? In my fathers case I know everything's pretty well spelled out as to who gets what, etc. But who basically walks me through all this.
As for lawyer costs, I assume anything they charge simply comes out of the estate? Any good tips on how this whole process works?
Thanks
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