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Estate administration is a complex and often lengthy process that involves managing a deceased individual’s assets, debts and final wishes. In most cases, a last will and testament clearly outlines how the deceased’s estate should be distributed. However, what happens...
Like estate executors, trustees have fiduciary responsibilities. A trustee’s chief responsibility is to manage the assets in a trust according to the instructions of the person who established that trust (the settlor or creator). They have a duty to act in the best...
Dementia is a very common cognitive disorder that often develops as people grow older. As such, it is a reality that many families need to keep in mind when estate planning. It can have an impact on how someone’s plan is designed and what it seeks to accomplish. How...
Typically, when someone becomes a legal adult at the age of 18, they no longer need to worry about other people making decisions on their behalf. They have control over their lives and also the right to privacy. Adults have the authority to choose their own medical...
Your parent recently died, and you are one of the main beneficiaries of the estate. Your parent or perhaps the probate courts named someone to manage their affairs and distribute their assets. You realize that you have to be patient and wait for the representative of...
Your parents have probably had an uncomfortable conversation or two with you about their estate planning wishes. They may have explained to you how they intended to divide their property or even told you about assets that they previously had not revealed to you. While...
When your elderly loved one needs support in the home, it’s reasonable to look into hiring an in-home health care aide or nurse. Caregivers can be an excellent source of information and may be helpful to your family, but they are compensated fairly for this work. They...
Everyone handles their estate planning and finances differently, but it’s a good idea to set up a schedule so that you can review your estate plan and financial goals at the same time. While there is no real schedule that sets a required time to review your estate...
Someone's estate plan is among the most important documents that they will ever draft in their life. When that person dies, their estate plan establishes their legacy and protects the people who depend on them. Especially when there are substantial assets involved in...
If you have recently lost a loved one, it should be a time where the whole family comes together to mourn and support one another. The last thing you want is to be the cause of a lawsuit that piles contention onto an already painful situation. Like it or not, however,...