Every business owner, at some point, must make decisions that will effectuate a change in the business and likely in the business owner’s personal life. Although, it is ideal that the two remain separate, all too often, business decisions carry severe personal consequences. With the right planning for business owners, you can protect their personal…
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Things to Do Following the Death of a Loved One: Part II
Part II of this series covers issues specific to successor trustees/trust administration. Part I of this series can be found here. For Trusts: The Person(s) Nominated as “Successor Trustee” May Also Need to: Inform the family/other beneficiaries named in the Trust that you are the Successor Trustee. Give copies of the Trust to known…
Continue reading…Things to Do Following the Death of a Loved One: Part I
Within the First Week: Determine whether any of decedent’s (decedent = deceased person) property needs to be safeguarded, such as a home, vehicle, vacation house, office, etc. Ensure that proper funeral/cremation arrangements have been made. Look for any letters of instruction/final wishes – our clients are typically given a “Memorial Instructions” worksheet, located in their…
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