Millennials are known for being digitally dependent, optimistic about the future, and the generation with the highest student loan debt (sigh). This oft-scrutinized generation is also criticized for being lax when it comes to “adulting” and planning for their fiscal future. However, this does not negate the need to talk about estate planning when it…
Continue reading…Category: Trust Administration
Estate Planning for your Pets!
For many of us, our pets are beloved and an extension of the family, in furrier form. However unlikely, it is possible that your pet may outlive you. What happens to your pet? Who cares for your pet? How is the pet financially cared for? Hopefully, there is a close friend or family member that…
Continue reading…Things to Do Following the Death of a Loved One: Part III
Links to Part I and Part II of this Series. The following outlines some of the legal duties associated with serving as Trustee of your loved one’s trust. “I’ve Been Named as Trustee… Now What?!” And then there are a few additional items of which you need to be aware: Again, this general list of duties is not meant…
Continue reading…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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