Survivor Trustee: Cognitive Continuity Clause?
In the face of long lives and a rise in the number of people experiencing cognitive decline, some attorneys point out that incorporating a “cognitive continuity clause” in revocable trust instruments can serve as…
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Administrator Responsibilities and Bonds
When someone dies without a will, the local probate court typically appoints an administrator to bring the affairs of the deceased to closure. Once debts are paid, the state laws of intestacy dictate the…
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Supersedeas and Appeal Bonds
Though in some jurisdictions, the terms supersedeas bond and appeal bond are used interchangeably, other jurisdictions distinguish between the terms. Generally, a supersedeas or appeal bond enables the losing party in a civil litigation…
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Assigning Assets To A Trust
Designating assets to a trust is an important strategy in estate planning. Trusts can be set up to specifically address a variety of familial goals, and even to earmark funds for our own eventual…
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Shifting Asset Ownership?
Assigning assets to new owners can be a useful estate planning strategy, especially when circumstances make a speedy and private inheritance preferable. In essence, when asset ownership is effectively shifted ahead of death, the…
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Dementia and Guardianship?
Reckoning with the progressive cruelties of dementia is an ongoing and stressful process for impacted families. Though tendencies to deny and minimize the challenges are understandable, a proactive approach to designating decision makers to…
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Appeal Bonds Made Simple
After a loss in a civil court case, If there are grounds to appeal, the losing party, referred to as the appellant, may delay paying the damages established in the original judgment until the…
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Fiduciary? Fiduciary Attorney?
A fiduciary is any person given responsibility for the financial and or care decisions of someone experiencing a decline in capacity, or a minor. A person responsible for closing out the affairs of the…
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Inheritance Succession Explained
Who gets what? In a nutshell, inheritance succession refers to the details in state laws that specify the order in which assets are distributed to relations when someone dies intestate–aka without a will. Typically,…
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