Death and Passwords?
When a loved one asks you to execute their will, swallow hard, breathe deep, and then commit the time to find out everything you can about their intentions—and the whereabouts of essential documents and accounts….
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When Do Irrevocable Trusts Make Sense?
As conveyed in the name, setting up an irrevocable trust requires serious commitment. Though there are legal remedies that can be applied if life circumstances shift after an irrevocable trust is established, lawyers recommend…
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Estate Planning: Debt Discussion
When a loved one names you to execute their will, take it seriously. Count yourself lucky if you have plenty of time to speak with them about their intentions. Take the time to get…
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Filial Responsibility Laws?
Can the adult children of deceased parents be required to pay off their debts? Legal experts explain that confusion around this issue is widespread. Here’s why, along with information and guidance for families working…
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Executor Duties: Debts Before Distributions
Typically, executing a will is associated with distributing the assets of the deceased to beneficiaries in accordance with the terms of the will. Although this is one of the important functions of the executor, assets…
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Leave These Assets Out: Trusts
Establishing a revocable living trust helps you plan for your own needs as you age or decline in capacity, and arrange for the transfer of assets to the beneficiaries named in your trust agreement….
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Funding a Revocable Living Trust?
Working with a lawyer to set up a revocable living trust is a smart way to plan both for your own needs as you age and to ensure a smooth and timely distribution of…
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Remarried With Adult Children?
Estate planning experts encourage extra diligence for blended families in which the spouses married after adult children have been raised. Generally, it’s not that bad intent results in problems. Instead, unintended consequences tend to…
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Estate Sold: James Brown
We’ve all heard of estate sales and maybe even picked up a treasure or two while attending one. But, like everything about his legend, James Brown’s recent estate sale is unique: his entire estate was…
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