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Finishing your estate plan gives you a sense of relief. It is one of the most important things you can do for yourself and your family. However, as you grow older and your family grows, so too should your estate plan. One of the big considerations is whether you need...
Has someone you care about requested that you act as estate executor after they die? Like most, you probably feel honored by such a request, but it may be unwise to accept in haste. You might not know this, but estate executors have many obligations. To ensure you can...
When you begin estate planning, you may hear terms or phrases that sound much alike. You may assume similar-sounding terms are alternate ways of saying the same thing, but there are usually critical differences to understand. For example, some believe the phrase,...
In the intricate world of estate planning, trusts are invaluable tools for individuals and families to safeguard their assets and distribute them in a structured manner. However, the success of any trust hinges on the careful selection of trustees, individuals or...
In financial planning and asset management, the terms estate and trust are frequently used interchangeably. However, they represent distinct legal entities with unique purposes and functions. To fully grasp the nuances of trust and estate administration, it’s crucial...
If there is one issue that contributes to probate litigation more than others, it might be a sense of entitlement. Individuals ranging from close friends and romantic partners to children sometimes have a profound sense of entitlement regarding a loved one’s assets...
When someone dies, whatever property they solely own becomes their estate. Their vehicle, their house, their furniture and their other assets may all contribute to the total value of their estate. Those assets will generally need to pass through probate court before...
It can take a lot of courage to get your initial estate plan together, as it requires you to consider your own mortality and what your loved ones’ lives will look like when you’re gone. But even though you breathed a sigh of relief when that plan was first put...