Trusts are generally created when one person or firm manages assets for the benefit of another. The person or entity is known as the trustee and has the responsibility of making decisions in the best interest of the trust beneficiary.…
Adults rarely create wills, let alone estate plans that address their online profiles. As your online presence grows professionally and personally, taking charge of your digital assets and plans for them after you die becomes important. Some social media companies…
During a period of over ten years of economic growth in the US, citizens were concerned about running out of money and were hesitant to spend. In 2019, Bloomberg reported many wealthy retirees were sitting on their wealth while large…
Probate litigation encompasses disputes related to guardianship and conservatorship, contests involving wills and trusts, conflicts over family real estate, and disagreements concerning the true intent behind gifts. The most successful approach to mitigating or avoiding probate litigation risk is carefully…
Are you interested in making a positive contribution to charity while protecting your assets for your children or other loved ones as well as minimizing your taxes? If so, a charitable trust could be a beneficial tool. Charitable trusts provide…
Lawsuits arising during the probate process, the legal process of administering the estate of the deceased, are known as probate litigations. When someone passes away, their assets and debts must be settled and distributed according to their valid will or…
A record number of older Americans are widowed or divorced, prompting them to form new partnerships. The US Census Bureau reports that more than half of all older adults have only married once, opting to stay legally single in their future relationships.…
Caregiving for an aging parent or both parents, along with your own children, can make you feel “sandwiched” between the older and younger generations. You may feel pulled in multiple directions while trying to meet the needs of your family…
In a young family, estate planning can be especially important. Estate planning can protect your family in case of incapacitation or death resulting from medical emergencies. While it’s difficult to think about what happens to your children if you die,…
If you are identifying an executor for your estate, or you accept the responsibility of representing an estate, there are certain criteria to consider – the complexity of the task and the order in which to pursue it. Beyond the…