Although adding adult children to a bank account may seem like an easy hack for estate planning, attorneys point out that joint bank accounts can result in complications and unforeseen results. Here’s advice–and some… Read Moreabout Why Not Just Have A Joint Bank Account
Upon the death of the testator (person who made the will), the designated executor must diligently adhere to the public process of probate. Meanwhile, beneficiaries tend to wonder: what’s the delay with asset distribution?… Read Moreabout Executing A Will: What Takes So Long?
When it comes to making arrangements to gift assets to relations, attorneys underscore the importance of clearly communicating intentions. This is true even if relationships have been strained and communicating requires courage: bad feelings… Read Moreabout Better Than Litigation? Communication!
Conservators can be appointed to make financial decisions and safeguard assets for adults experiencing capacity declines, including changes related to aging and dementia. Professional conservators are a possibility and can be a huge relief… Read Moreabout Conservatorship vs Overprotection?
Serving as an executor requires a commitment of time, ideally, beginning when a will is made and the role accepted. Preparatory conversations about intentions and pragmatics, such as account information, will be a gift… Read Moreabout Help for Executors: Probate Lawyers
When accepting the request of a loved one or friend to serve as a trustee, keep in mind that the role comes with official, fiduciary obligations. In other words, as a trustee you are… Read Moreabout Checklist for Trustees