Trust Administration: Streamlining, Protecting, and Guiding Asset Management In this example, the deceased individual also referred to as the grantor, created a trust for the benefit of himself and his family. The Trustmaker transferred his assets into a trust and establishedREAD MORE
Trust Administration
A frequent concern for those with aging loved ones is the future need for guardianship. Unfortunately, the concept of guardianship can be confusing and overwhelming.
Valentine’s Day is a day to celebrate love and companionship, two categories your pet surely falls under. Unfortunately, you can’t give your pet the classic rose and chocolate combo. For one, most pets cannot consume chocolate. Flowers can be poisonousREAD MORE
In many marriages, one spouse manages the finances and the other manages the day-to-day household decisions and maintenance. But what if your spouse tragically, suddenly, passes away?
Estate planning is not a requirement. No one can force you to make your will, create a power of attorney or to own your property in a way to avoid probate. As a result, people too often let common estate planning excuses stand in their way.
These agents take over your affairs in specific areas, if you become physically or mentally incapacitated.
Administration of a decedent’s estate may involve investment accounts (with stocks and bonds) held in the decedent’s name or trust.
Executors can use additional information in administering estates, especially if the executor is unrelated to the decedent.
One of the biggest concerns a trust creator might have is that the beneficiary would squander their inheritance or that the beneficiary’s creditor would attach the inheritance to cover the beneficiary’s debt.