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Tuesday, February 11, 2014

Executor (Personal Representative) - A poem

I ran across this poem today by Edgar A. Guest.  He certainly makes a decent case for naming a professional as the executor of your Will.

 

THE EXECUTOR
I had a friend who died and he,
On earth so loved and trusted me,
That ere he quit this earthly shore,
He made me his executor.
He tasked me through my natural life,
To guard the interests of his wife,
To see that everything was done,
Both for his daughter and his son.
I have his money to invest,
And though I try my level best,
To do that wisely, I’m advised,
My judgment oft is criticized.

His widow once so calm and meek,
Comes, hot with rage, three times a week,
And rails at me, because I must,
To keep my oath appear unjust.
His children hate the sight of me,
Although their friend I’ve tried to be,
And every relative declares,
I interfere with his affairs.
Now when I die I’ll never ask,
A friend to carry such a task,
I’ll spare him all such anguish sore,
And leave a hired executor.

Edgar A. Guest, Today and Tomorrow (Chicago: Reilly & Lee Company, 1942)


Thursday, September 5, 2013

American Taxpayer Relief Act

The American Taxpayer Relief Act was signed into law

On January 2, 2013 President Obama signed the American Taxpayer Relief Act (ATRA) into law. This came the day after the Senate and House of Representatives passed the bill. ATRA makes permanent many tax cuts enacted in 2001 and 2003, and makes a permanent patch on the alternative minimum tax and extends many individual and business tax provisions.
Following is a summary of many of the ATRA features.

http://www.estateplanninganswers.org/the-american-taxpayer-relief-act-was-signed-into-law/




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