The Estate of Prince – a Royal Mess (Part 1)
Everybody knows you should have a Will. Although we caution our clients that having a Will alone will leave many important planning issues unaddressed, not having a Will creates a number of prob…
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It’s counterintuitive, we know: irrevocable trusts are revocable (and amendable). Unfortunately, irrevocability is a malicious myth. The uninformed could spend years relying on an old, out-of-date trust that could be updated and improved without to…
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When a family member dies, there are many legal and financial things that need to be taken care of. That process is commonly called “estate settlement.” It is also called Probate. There are costs involved with the estate settlement process.…
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Categories: Adult Children, Aging Parents, Baby Boomer, Changes to Legal Documents, Elder Care, Elder Law, End of Life Care, Estate Administration, Estate Planning, Life Care Planning, Probate, Valid Estate Planning documents, Validity of a Will, Will Contest
Unlike money, personal belongings usually cannot be divided equally after their owner passes away. For this reason, distributing possessions like furniture, jewelry, dishes, silverware, artwork, photographs or clothing is often the most difficult cha…
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Many of our small business owner clients enjoy having their children or other family members work with them in the business, and their “exit plan” relies heavily on transferring responsibility for running the business to those family members. F…
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When it comes to estate planning, everybody wants a Will. Many people believe that good estate planning begins and ends with having a Will and they think once they have a Will, all their estate planning problems have been solved. But unfortunatel…
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Since the purpose of a Will is to document your wishes for who should be the executor and who should receive your solely-owned assets after you die, it should be a fairly straightforward matter to change that document if you later change your mind, r…
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Categories: Blog, Caregiving, Changes to Legal Documents, Disinherited Children, Elder Care, End of Life Care, Estate Administration, Estate Planning, Health, Probate, Valid Estate Planning documents, Validity of a Will, Will Contest
An executor is the person responsible for managing the administration of a deceased person’s estate. One of the executor’s main jobs is to pay people or institutions to whom the estate owes money — the estate’s creditors. T…
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One important reason to have a will is to be able to name your executor (also called a personal representative). An executor is the person responsible for managing the administration of your estate after you die. If you don’t choose an executor…
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An executor is the person responsible for managing the administration of a deceased person’s estate. The executor (also called a personal representative) is either named in a will or appointed by the court, if there is no will.
Executors are re…
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