Serving as the personal representative of an estate is a major responsibility. And despite the fact that it often involves complex legal and financial elements, the people who often serve as a personal representative are not people with legal or financial backgrounds. Instead, they are often loved ones who were close to the decedent and understood his or her wishes.
Buying a house involves some amount of risk, no matter how much research you've done and how thorough your inspections were. After all, you can't know for sure about all the quirks and headaches with living in a home until you are actually living in the home.
Whether you are a parent who just had your first child or someone focused on retiring, having an estate plan can be critical. However, too many people put off creating one because they are unsure of how to get started or overwhelmed by the process.