A Trustee’s duties include, among other things, prudent investing, carrying out the express terms of the Trust, maintaining a relationship with the beneficiaries, providing annual accounts to the beneficiaries, and tax compliance. Trustees owe a...
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Estate planning clients frequently state that one of their estate planning goals is to “protect assets.” However, when asked what specifically they want to protect their assets from, they often have only a vague idea. Here are six examples...
When mental incapacity arises, attention is often directed to the asset management problems, but equal and sometimes greater problems related to health care decisions are also presented. Perhaps too much attention had been placed on the ultimate...
A Guide to Budgeting During the Pandemic Seek relief from bills and prioritize spending during this tough time by John Waggoner, AARP, April 16, 2020 To some extent, the coronavirus is a budgeting force. Fewer people are driving, which...
In the Lawyers Weekly (11/25/19) under Verdicts & Settlements: Mimi Greenberg died in 1974 and was survived by her spouse, defendant Nathan Greenberg and their two adult children, plaintiffs Ruthanne Miller and Henry Greenberg. Mimi had executed...
Power of Attorney is a legal document that allow you to give some one of your choice the power to act on your behalf. With a power of attorney, the person that you appoint will be legally permitted to take care of certain matters for you in the event...
To fund a trust is an essential step in setting up your Trust. To fund a trust simply means that you need to transfer your assets into the name of your trust. In order to do this, you must ensure that you title in the name of your trust...
HOW CAN I PROTECT MY CHILDREN'S INHERITANCES? The best way to protect your children's inheritances is by setting up a Revocable Living Trust and having your children receive their inheritance within a sub-trust of your Revocable...
Had a very satisfied client in the office recently who exulted over the fact that we had been able to draft a will, power of attorney and other documents in a simple, non-legalese way that he could understand; not be mystified by legal jargon, and...
Had a very satisfied client in the office recently who exulted over the fact that we had been able to draft a will, power of attorney and other documents in a simple, non-legalese way that he could understand; not be mystified by legal jargon, and...
