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Life Status: A Fiduciary Obligation
The assets left behind when a retirement plan participant dies must be properly administered. This requires remaining abreast of the “life status” of participants and connecting with beneficiaries accordingly....
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Estate Planning: Not Like This!
Here. Putting Our Affairs In Order Though we all know estate planning, aka “putting our affairs in order,” is something we should do, many of us still don’t,...
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Trusts and Pour-Over Wills?
accounts, life insurance, annuity certificates, and business interests. The specific documents associated with each separate asset to be transferred into the trust need to be completed to fund the trust. ...
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When Being Fair Counts: Pot Trusts
The youngest child is just beginning college, so if the parents were to die, fairness could look like the third child receiving tuition funds before the remaining assets are divided...
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Complex Family? Estate Plan!
Fact of life: families change—and so do the needs of the individuals in them. Accordingly, financial plans, accounts, documents, named beneficiaries and appointed fiduciaries must be reviewed and adjusted...
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Temporary Administrator?
temporary administrator to engage in fiduciary functions. Both preliminary executors and temporary administrators insure that a decedent’s estate is handled and secured pending a final determination in probate or administration...
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Avoid Disputes
Law experts observe that trust disputes commonly involve: The meaning/intent of vague trust terms The discretion a Trustee has to make distributions Whether a trust can/should be terminated Complaints...
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Digital Assets: Inventory and Plan
downloading, converting files, managing social media profiles, etc. Your last will should also list your digital assets one-by-one, instructions for how to access these assets (including logins and passwords as...
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COVID’s Impact on Estate Planning?
minimizing taxes and expenses.” Good estate planning also involves making arrangements for our own care and decision making needs, should we experience a decline. Importantly, when minor children are in...
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