Posts tagged with "fiduciary duty"



Estate Planning · September 07, 2018
A lot of times, people hide their Wills or estate planning docs in secret locations where they'll likely never be found after their death. Or they'll put their Will in the care of unreliable caretakers, whom may forget they even have the documents and never truly know when is the right time to present it to the family after your death. Consider this illuminating case that winded its way through the NY court system and provides a cautionary tale about safeguarding your documents.
Estate Planning · July 20, 2018
If someone has asked you to serve as trustee for their trust, make sure you are ready for the responsibility before accepting. It does not require you to be an expert in law, finance, or taxes, but it is a major responsibility that you should thoroughly understand before giving your answer. However, you shouldn’t be afraid that you will not be able to do the job, it doesn't require experience to be successful. It does require a clear understanding of your duties, which we have summarized here.
Estate Planning · July 13, 2018
If someone has asked you to serve as trustee for their trust, make sure you are ready for the responsibility before accepting. It does not require you to be an expert in law, finance, or taxes, but it is a major responsibility that you should thoroughly understand before giving your answer. However, you shouldn’t be afraid that you will not be able to do the job, it doesn't require experience to be successful. It does require a clear understanding of your duties, which we have summarized here.
Estate Planning · March 09, 2018
In a blended household, conflict is bound to arise between your loved ones when something happens to you, even if you already have a plan in place to take care of them. Fortunately, a method of planning exists for your type family. While legal planning can help resolve that conflict, it can also make your family bond stronger when done right. Whether you are the child of a parent who remarried or you are a parent who divorced and remarried, planning for everyone will keep the family together.
Estate Planning · February 16, 2018
Although parents will never ask for help, at some point they might need it or you'll want to step in to assist them. Helping parents become financially stable can be hard without the right information and knowledge about their current financial situation. Further, getting access to different accounts and making important decision on their behalf will not happen unless you are given the required legal authority to do so.
Business · February 09, 2018
People often assume a Will is everything they'll need to take care of their business when something bad happens to them, but that can actually cause more problems and cost for their family than necessary. To ensure your business is passed on to your family exactly the way you want, you need to have a comprehensive plan that takes your life and business into account. Now check out these 4 key elements every business owner must have in their plan.
Estate Planning · January 12, 2018
Many parents put off naming guardians for their children (or don't even know that it's what they're supposed to do for their children's life-long security and well-being) because they don't have access to the right info or just can't come to a decision on who will be best to care of their kids in the event of an emergency or worse! Bottom line: Done is better than perfect, and we've created the perfect solution to help you choose the right guardian today.
Estate Planning · December 29, 2017
There are many options when it comes to managing your assets for retirement, but which ones really give you the best security throughout life while you're still growing and saving? Here are just a few of the benefits with for transferring your 401(k) assets into an IRA. Let the real saving and growth begin!
Estate Planning · November 17, 2017
It is becoming increasingly easier to draft a Will online. Today, many websites offer legal services with do-it-yourself question-answer forms that generate the standard language you'll typically see in most wills. Yet, these online forms are not built with artificial intelligence, and not all wills should be "standard". Here's an example of what could happen when you don't review your Will with an attorney.
Estate Planning · November 10, 2017
If you have been named a trustee or an executor of an estate, you don't have to go at it alone. It's an honor to be put in this position, but it also comes with a lot of responsibility. Here are 10 things to do when you are appointed trustee of a trust.