Paying The Bills: Administering Your Affairs
Ever felt like your bills have a life of their own? It’s not so far-fetched a thought, since upon death, they keep coming—and need to be paid. Here are some tips for settling affairs….
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Understanding Executor De Son Tort
Literally, these words mean: executor of one’s own wrong. In estate law, the phrase is used when someone who has not been authorized to administer an estate becomes involved in doing so. Executors: The…
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The Value of an Inherited Home in The Airbnb Era
An empty home might be a valuable source of steady, monthly income for family members, friends or other beneficiaries. Are they allowed to rent it out upon the death of a loved one? Follow The…
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Understanding the Essential Duties of a Trustee
Just as the word implies, a trustee is a person entrusted with assets intended for the benefit of others. Specifically, as Investopedia explains: A trust is a fiduciary relationship in which one party, known as a trustor,…
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Confused? Learn the Difference Between Heirs and Beneficiaries
In conversation, the words “heir” and “beneficiary” are commonly used synonymously. Legally, they are not! Read on to understand the difference. If There’s A Will, There’s A… Plan for beneficiaries! In other words, in a…
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Guardians and Vaccine Decisions
How should court-appointed guardians handle decisions about the COVID-19 vaccine with their wards? Experts advise: apply the substituted judgment standard. Focus On The Ward’s Wishes and Values Carefully and respectfully making important decisions on behalf…
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Receiverships and Receiver Bonds: What You Need to Know
Receiverships, backed by receiver bonds, can be important for recovering funds in real estate foreclosures and other business disputes. The Role of Receivers A receiver can be appointed to take custody of the assets, property,…
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Guardian of the Estate: Understanding the Duties
Court-appointed estate guardians accept significant fiduciary responsibilities. Understand the legal commitment. When Is a Guardian of the Estate Necessary? LegalZoom defines guardianship of adults as: A legal mechanism whereby a suitable person makes important decisions…
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Scams Are On The Rise: Protect The Elderly!
If you are responsible for the well-being of an elderly person, now is a good time to update safety measures aimed at increasing protection against scams and identity theft. Guardians and Conservators: Take Extra…
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