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If you will be handling the estate of a loved one or you are assisting someone with the job, you may have a general idea of what you need to do, but it can be hard to understand the specifics. It is essential to comply with local legal requirements which […]
Category: Probate and Estate/Trust Administration
Some people mistakenly believe that if they die without a will, then no one has to deal with probate. Technically, the word probate concerns proving the validity of a will, so there is reason for feeling that a will is necessary for probate, but that is not the case. The […]
If you have served as an executor of an estate before and are now being asked to administer a trust—or vice versa—it is helpful to understand the similarities and differences between the processes. Trust administration is often less complex than estate administration, but that depends entirely on the terms of […]
The probate avoidance strategy has been very popular in estate planning in recent years. But for every person who has come to their attorney asking for a revocable living trust or other plan to bypass probate, there are scores of others who aren’t sure what all the fuss is about. […]
Many people are afraid the high cost of nursing home care will deplete all of their assets in their later years. Honestly, however, there are many more people who aren’t worried and probably should be. Without a plan for long-term care, families often find themselves panicking when a crisis hits. […]