Residuary Estate?
After the expenses of an estate are paid, and the assets specified in wills and trusts distributed, what remains unaccounted for is referred to as the residuary estate. Books, furniture, jewelry, and other household…
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Ready or Not…
Unlike those running and hiding games we play in our youth, illness, capacity declines and death are real. Rather than avoiding them, estate planning is best–for the good of our own selves and everyone…
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Estate Administration?
When a loved one dies, their affairs need to be brought to closure, and the process of doing so is often referred to as estate administration. Read on for an overview of what to…
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Dog, Cat, Parrot, Turtle…
Pets can have very long lives. Macaw parrots for example, live for about 50 years–but can reach 100. Turtles too require decades of attention. With advancements in veterinary science, even “regular” pets, like cats…
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Who Should Be Your Trustee?
Who Should Be Your Trustee?More and more families are recognizing the usefulness of trusts for both care plans and estate plans. Attorneys remind us that in addition to thinking critically about the type of trust…
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Wills and Trusts: The Differences Explained
Organizing our assets for distribution to others is obviously important. Even if we have carefully managed to set aside just a little more then we need, gifts will mean a great deal to loved…
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Probate: Not All Bad
“Avoid probate,” is a buzzy phrase in estate planning. Keep in mind, however, that though the public process of settling our affairs does take some time and administrative wear and tear, it can be…
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Asset Protection: LLC Vs Trust?
Safeguarding assets is important to everyone, and those who own businesses arguably need to pay particular attention to both company and personal assets. Limited Liability Companies (LLCs) and Trusts can each play a different…
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Probate Drama: Surprise?
When you agree to serve as the fiduciary responsible for the affairs of a friend or relation upon their death, be aware that some drama could crop up, especially if there is no estate…
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