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Probate Challenge: The Family Home
Safeguarding, maintaining, and ultimately selling off a family home tends to be one of the biggest and most time consuming responsibilities executors face when bringing the affairs of a...
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Tips for Naming An Executor
...name understands that real responsibilities are involved and must be undertaken in a timely manner. Read on for pointers from estate planning professionals. Time Commitment Serving as an executor...
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Executor? Tips for Selling A Home
such as: Closing costs on property sales – This includes things like realtor’s commissions, title company fees, title insurance, etc. Appraisal fees—…Often, the Executor…needs to determine the fair...
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Irrevocable Trust Problem? Decant!
...about what the grantor intended. Other reasons for decanting a trust may include modifying the administrative provisions of the trust, combining two trusts in order to maximize administrative efficiency,...
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Planning Ahead: Capacity Decline
“business” of Mr. Austin: Mr. Austin (and his son), meanwhile, was indicted for fraud crimes against 20 victims in excess of $10 million. Yet, the AIP insisted that Mr. Austin...
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Inheriting A Home–and The Mortgage
division of the proceeds. Note that because property has ongoing upkeep expenses, including utilities and insurance, maintaining it while making arrangements to sell it, can turn out to be...
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Estate Law and Pets?
care of pets. Pet lovers should understand that absent specific inclusion of pets in estate plans, state laws of intestacy determine “who gets the pet,” in essentially the same way...
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Executor, Guardian, Conservator?
how quickly and accurately the estate is administered. This individual must be willing to be diligent in the identification and distribution of assets, and timely in their interaction with the...
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Irrevocable Trusts: Modification?
There are important reasons, including shielding and protecting assets, for choosing an irrevocable trust as an estate plan anchor. Nonetheless, “never” being able to modify plans can be a...
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