A trustee has control over the maintenance and investment of trust resources, as well as the distribution of those assets to the beneficiaries of the trust. Nothing shatters the security of trust beneficiaries more thoroughly than the realization that a trustee has...
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3 common estate planning questions
Are you thinking about making an estate plan? If so, you likely have a lot of questions. It seems like an intimidating thing to a lot of people -- which is why it's so important to demystify the process. The following are a few commonly asked questions about estate...
What is a partial disinheritance?
When someone is disinherited, it means that they are being left out of the will. This often happens when a parent and a child are estranged, for example. That parent may have other heirs, but they will deliberately leave nothing to the child that they are no longer...
Can you recover your stolen inheritance?
Inheriting assets from a loved one can be a source of comfort as you grieve them. But what happens when that inheritance is stolen? Losing an inheritance to theft can be a devastating experience, leaving you feeling helpless and vulnerable. Inheritance theft can take...
4 estate planning mistakes to avoid
Estate planning is crucial – it allows you to take care of your loved ones when you die and state your wishes should you become incapacitated. You should create a qualified estate plan for your wishes to be fulfilled. Some mistakes may limit the benefits your plan...
Can you convert office buildings into apartments?
In some cases, investors and property owners are interested in completing conversions. They may be able to buy a building that is in disrepair, or at least in disuse, and turn it into something that is in high demand. For instance, in part because many workers are...
What happens to debts when you die?
People who are creating an estate plan usually think about things like who they want to have specific assets. They may not realize that they need to take steps to ensure this happens. One thing that everyone who’s dealing with estate planning needs to know is how...
Don’t leave your family unable to pay for your funeral
It seems like more and more families are paying for loved ones’ funerals by starting GoFundMe campaigns. Even a modest service can run into thousands of dollars. Not everyone can just put that on a credit card and wait until the deceased person’s estate is settled to...
Your options after being left out of a will
You can never be too sure about the actual contents of a will until it is unveiled during probate. Therefore, it may come as a shocker when you discover that you are not among the beneficiaries of your loved one’s estate, contrary to your expectations. Given that your...
Are there any advantages to probate?
Probate often gets a bad rap. After all, if someone creates a will — or lacks an estate plan overall — their assets go through probate court. That means the testator’s privacy will be compromised. Plus, the process can take years and lots of money to ensure validity....