When someone has named you as the executor (also known as a personal representative) of their will or the trustee of their trust passes away, you are obligated to distribute that person’s money and property according to the document’s terms to the designated...
Estate planning is definitely not a one-size-fits-all kind of deal. Every family has unique dynamics and circumstances that must be considered and examined when preparing an estate plan. As our lives evolve, so too do our needs and goals, which means an estate plan...
Regardless of whether someone has a will, their family will have to go through probate (but not for assets in a trust … and we’ll get to that ). The purpose of probate is to change ownership of an asset from the name of the deceased to the name of the beneficiary. The...
