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…
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Be Prepared: How To Execute a Will
If a loved one or friend has asked you to execute their will, chances are, like most people, you’ve said yes. Now what? Understanding the Duties of an Executor Executing a will is a legal…
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When Can a Will Be Contested?
Just as family conflicts and miscommunications can be a challenge in life, so too can they create difficulties upon death. Read on for practical, expert advice for those who may feel they have been slighted…
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What’s a Trustee To Do: Facing Volatile Markets
A trustee must follow the prudent investor rule in managing the assets of a trust. Keep in mind: this is a process-based standard—not a performance-based one. Investing Trust Assets Volatile markets present unique challenges to…
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Protecting the Vulnerable: Fiduciary Duties and Bonds Explained
Protecting the Vulnerable: Fiduciary Duties and Bonds Explained When someone cannot make sound decisions for themselves, a court can appoint a fiduciary to do so. Often, courts require fiduciary bonds to protect “the ward.” Safeguarding…
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Duty-Bound to Beneficiaries: Insights for Executors and Trustees
What happens when an estate or trust plan has been set up to continue the operations of a business beyond the owner’s death—but the business ultimately does not provide value to the beneficiaries? Prioritizing the…
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Understanding Intestate Succession and Fiduciary Bonds
When a person dies without a will, probate courts rely on intestate succession laws to distribute the assets to heirs. Court-ordered fiduciary bonds can become important in this process. Who Gets What? If there is…
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Understanding Probate Court and Probate Bonds
Many people have their first—and sometimes only—experience with the law in a probate court. Here is what to anticipate if you find yourself there—and in need of a probate bond as well. What Is Probate…
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Understanding Estates and Estate Bonds: Advice for Families
Understanding Estates and Estate Bonds: Advice for Families “You can’t take it with you”—is frequently cautioned among family and friends. Yet, many of us can’t seem to bring ourselves to plan ahead for our valuables….
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