How can a will save money?
• A properly written will can reduce death taxes, thereby leaving more of your estate for your family. It also gives you the choice of appointing a competent person as the personal representative. In addition, your will can provide that the personal representative need not post bond, which saves the estate the expense of paying the premium on the bond. A will can authorize your personal representative to sell real estate without the necessity of going through a court hearing to get authority to sell.
A properly written will can reduce death taxes, thereby leaving more of your estate for your family. It also gives you the choice of appointing a competent person as the personal representative. In addition, your will can provide that the personal representative need not post bond, which saves the estate the expense of qualifying for a bond and paying the premium on the bond. A will can authorize your personal representative to sell real estate without the necessity of going through a court hearing to get authority to sell, which is required where there is no will.
