What If I Cannot Find a Beneficiary? What Should You Do If You Can't Find a Missing Beneficiary? When someone has named you as the executor (also known as a personal representative) of their will or the trustee of their trust passes away, you are obligated to distribute that person’s money and property according to [...]
Three Reasons To Avoid Probate Key Reasons Why You May Want To Avoid Probate When you pass away, your family may need to sign certain documents as part of a probate process in order to claim their inheritance. This can happen if you own property (like a house, car, bank account, investment account, or other [...]
What is a Blind Trust? A General Guide To Blind Trust & How Does It Work Trusts are typically set up for the benefit of a trust maker's loved ones, a charitable organization, or a third party, with the trust money and property being distributed to the beneficiaries upon the trustmaker’s death. But there are [...]
Three Tips for Overwhelmed Executors How To Deal With Your Executor Of Will Duties While it is an honor to be named as a trusted decision maker, also known as an executor or personal representative, in a person’s will, it can often be a sobering and daunting responsibility. Being an executor requires a high level [...]
An Introduction To Dynasty Trusts The Beneficiary's Guide to Dynasty Trusts When people create estate plans, they typically focus on handing down their money and property to their children, grandchildren, and other living heirs. But some people want to leave behind a more enduring legacy. For those interested in multigenerational wealth transfer, a dynasty trust [...]
How Your Clients Can Protect Their Legacy from a Beneficiary’s Lead Foot Secure Your Client's Legacy By Taking The Following Steps Your clients have worked hard their whole lives and are proud to be able to leave a significant legacy to their beneficiaries. But imagine this: A $250,000 brokerage account your client diligently built up [...]
Harmless Error Statute — A Saving Grace What Is The Harmless Error Rule & When Does It Apply? When somebody dies without a legally recognized will, their money and property are typically subject to default state rules that determine who will receive it. To assert control over who will receive their money and property and [...]
Handling S Corporation Interests In Estate Planning: Electing Small Business Trusts & Qualified Subchapter S Trusts Trusts Types You Need To Know When You Have a S Corporation One of the many challenges of owning a small business is determining the appropriate tax classification of the business. When an individual owns a business entity that [...]
Top Four Estate Planning Questions to Answer When Using Assisted Reproductive Technology All You Need To Know About Estate Planning For Your Child Welcoming a child into the family is a major milestone in every parent’s life, especially if you have utilized assisted reproductive technology (ART). With this blessing comes the need for comprehensive financial [...]
Things To Consider Before Accepting Your Inheritance The Implications Of Accepting an Inheritance The news that you will be receiving an inheritance is often bittersweet because it means that somebody close to you has passed away. But you might also have mixed emotions about your inheritance for reasons that have to do with the actual [...]
