Posts tagged with "trustee"



Estate Planning · September 16, 2022
Are You Clear About How Your Parents Estate Plan Will Impact You?
Know that no matter how poor or rich your parents are, they must have an estate plan in place because their affairs will affect you and become your responsibility if they become incapacitated or die. Their estate plan ensures that their assets will be distributed to their heirs according to their personal wishes, no matter how much or how little they can be. If you do not know whether or not your parents have an estate plan in place that will help you best support them, read on!
Estate Planning · September 09, 2022
Ensure the Security of Your Senior Parents' Identity and Financial Assets
Today, It’s critically important to have the appropriate safeguards in place to reduce the risk of fraud and identity theft, especially for your senior parents. Because your parents are unlikely to be as savvy about digital technology and may be losing some of their powers of discernment as they age, it will almost certainly be up to you to help them in protecting themselves—and ultimately, your inheritance.
Estate Planning · July 08, 2022
What You Need to Know About Collecting Life Insurance Proceeds
If you're looking to collect life insurance proceeds as the policy's beneficiary, the process is fairly simple. However, during the emotional period immediately following a loved one's death, it could feel as if your entire world is falling apart, so it's helpful to understand what steps you need to take to access the insurance funds as quickly and easily as possible.
Estate Planning · June 10, 2022
If You’ve Been Asked To Serve As Trustee, Here’s What You Should Know
If a family member or friend has asked you to serve as trustee for their trust either during their life or upon their death, it's a big honor—this means they consider you among the most honest, reliable, and responsible people they know. However, you should know that being a trustee takes a major responsibility, and the role is definitely not applicable to everyone. Here's why!
Estate Planning · May 13, 2022
10 Common Estate Planning Mistakes Your Family Can’t Afford To Make—Part 2
The DIY approach might be a good idea if you're looking to build a new deck for your backyard, but when it comes to estate planning, it's actually one of the worst choices you can make. Are you really willing to put your family's well-being and wealth at risk just to save a few bucks? Don't wait that these mistakes won't be discovered until you're gone. Here, we wrap up the list with the remaining five mistakes your family can't afford to make.
Estate Planning · April 01, 2022
Protect Your Children's Inheritance With A Lifetime Asset Protection Trust
As a parent, you're likely hoping to leave your children an inheritance, and doing so maybe one of the primary factors motivating your life's work. But without taking the proper precautions, the wealth you pass on is at serious risk of being accidentally lost or squandered due to common life events, such as divorce, serious debt, devastating illness, and unfortunate accidents.
Estate Planning · February 18, 2022
Updating Your Estate Plan For Divorce: 5 Changes To Make
Divorce can be one of life's most stressful events. With so many major changes taking place, it's easy to forget to update your estate plan—or simply put it off until it's too late. After all, dealing yet with another lawyer is probably the last thing you want to do. However, neglecting to update your estate plan for divorce can have tragic consequences. And you shouldn't wait until the divorce is final to rework your plan—you should update it as soon as you realize the split is inevitable.
Estate Planning · January 21, 2022
5 Ways DIY Estate Plans Can Fail And Leave Your Family At Risk—Part 2
While the DIY approach might be a good idea if you're looking to build a new deck for your backyard, it's actually one of the worst choices you can make when it comes to estate planning. Are you willing to put your family's well-being and wealth at risk just to save a few bucks? If you want to do the right thing for those you truly love, contact your Personal Family Lawyer to get your Life and Legacy Planning started.
Estate Planning · January 07, 2022
Preventing Family Conflict And Disputes Over Your Estate Plan
No matter how well you think you know your loved ones, it's impossible to predict exactly how they'll behave when you die or become incapacitated. No one wants to believe that their family members would ever end up fighting one another in court over inheritance issues, but the fact is, we see it all the time. The best way to deal with estate planning disputes is to do everything possible to prevent family conflicts from making sure they never occur in the first place.
Estate Planning · December 10, 2021
Why Putting Your Family Home In A Trust Is A Smart Move—Part 1
If you're like many homeowners, your home is likely your family's most valuable and treasured asset. In light of this, you want to plan wisely to ensure your home will pass to your heirs in the most efficient and safe manner possible when you die or in the event you become incapacitated. That's why it's a much responsible way to include your home into your estate plan. But before you do that, make sure to identify the best estate planning strategies when passing your home to your loved ones.

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