» Estate Administration

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 The uninformed could spend years relying on an old, out-of-date trust that could be updated and improved without to… Read More

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.… Read More

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… Read More

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… Read More

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… Read More

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… Read More

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… Read More

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… Read More