Estate Planning

What is a Special Administrator of an Estate? How They Differ from Personal Representatives 1024 682 Patrick J. Thomas Agency

What is a Special Administrator of an Estate? How They Differ from Personal Representatives

Special administrators are used in times of need when an estate needs to be preserved and protected before a personal representative can be found and appointed. If no personal representative has been appointed, it can take time to get the right individual into the position, including getting approval by the…

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Updates on Representative Payee Bonds and Social Security 1024 682 Patrick J. Thomas Agency

Updates on Representative Payee Bonds and Social Security

No matter what state you live in, the Department of Veterans Affairs and the Social Security Administration require all Representative Payees—those appointed to receive benefits for someone who is unable to manage their money—to obtain a surety bond in order to fulfill their duties. Representative payee bonds generally need to…

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Leaving an Estate to a Special Needs Child? What You Need to Know 1024 682 Patrick J. Thomas Agency

Leaving an Estate to a Special Needs Child? What You Need to Know

Estate planning can be a complicated process, which is why it’s always best to consult with an attorney at every step. Planning an estate when one or more of the beneficiaries is a special needs child adds yet another variable. There are a few more steps you will need to…

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How to Choose the Right Executor for Your Estate 1024 682 Patrick J. Thomas Agency

How to Choose the Right Executor for Your Estate

Choosing an executor is an important part of creating an estate and/or a will. An executor is the person who has been put in charge of administering the terms and assets of a will or estate. It’s an important position and choosing the right person for the job is crucial…

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