Modern Etiquette in Estate Planning
Our lives have become so different from those lived by our grandparents. Estate planning involves new considerations too. Family Composition and Conversation These days many families include a wide web of relations and connections: For…
Read Moreabout Modern Etiquette in Estate Planning
Paying The Bills: Administering Your Affairs
Ever felt like your bills have a life of their own? It’s not so far-fetched a thought, since upon death, they keep coming—and need to be paid. Here are some tips for settling affairs….
Read Moreabout Paying The Bills: Administering Your Affairs
Understanding Executor De Son Tort
Literally, these words mean: executor of one’s own wrong. In estate law, the phrase is used when someone who has not been authorized to administer an estate becomes involved in doing so. Executors: The…
Read Moreabout Understanding Executor De Son Tort
The Value of an Inherited Home in The Airbnb Era
An empty home might be a valuable source of steady, monthly income for family members, friends or other beneficiaries. Are they allowed to rent it out upon the death of a loved one? Follow The…
Read Moreabout The Value of an Inherited Home in The Airbnb Era
Understanding the Essential Duties of a Trustee
Just as the word implies, a trustee is a person entrusted with assets intended for the benefit of others. Specifically, as Investopedia explains: A trust is a fiduciary relationship in which one party, known as a trustor,…
Read Moreabout Understanding the Essential Duties of a Trustee
Confused? Learn the Difference Between Heirs and Beneficiaries
In conversation, the words “heir” and “beneficiary” are commonly used synonymously. Legally, they are not! Read on to understand the difference. If There’s A Will, There’s A… Plan for beneficiaries! In other words, in a…
Read Moreabout Confused? Learn the Difference Between Heirs and Beneficiaries
Guardians and Vaccine Decisions
How should court-appointed guardians handle decisions about the COVID-19 vaccine with their wards? Experts advise: apply the substituted judgment standard. Focus On The Ward’s Wishes and Values Carefully and respectfully making important decisions on behalf…
Read Moreabout Guardians and Vaccine Decisions
Receiverships and Receiver Bonds: What You Need to Know
Receiverships, backed by receiver bonds, can be important for recovering funds in real estate foreclosures and other business disputes. The Role of Receivers A receiver can be appointed to take custody of the assets, property,…
Read Moreabout Receiverships and Receiver Bonds: What You Need to Know
Guardian of the Estate: Understanding the Duties
Court-appointed estate guardians accept significant fiduciary responsibilities. Understand the legal commitment. When Is a Guardian of the Estate Necessary? LegalZoom defines guardianship of adults as: A legal mechanism whereby a suitable person makes important decisions…
Read Moreabout Guardian of the Estate: Understanding the Duties