When assigned to administer a trust, the trustee has a fiduciary duty to act in the best interest of the estate held in trust and its beneficiaries. Hence, one of the crucial responsibilities of a trustee is keeping all interested beneficiaries well-informed....
It is impossible to know what lies ahead of us in the future. Therefore, one should be prepared for unexpected events with a solid estate plan. Structuring a well-founded estate plan requires a strategic approach, especially to select the legal tools (documents) that...
Currently, many people think that structuring an estate plan is printing a set of different do-it-yourself (DIY) forms available online and filling them out with the required information. However, this type of mindset may be dangerous, as a badly crafted estate plan...
Depending on the situation, distributing the assets of a loved one who just passed away may become an overwhelming task. In this sense, a simple request like transferring the deed of the decedent’s property to an immediate relative will depend on several...
It is not uncanny to see individuals using safe deposit boxes to store jewelry, marketable securities, luxury goods, and important documents (i.e., wills, property deeds, birth certificates, etc.), among other valuable assets. However, how should the beneficiaries of...
Writing a DIY will may be quicker and easier than hiring an attorney to prepare it in a more professional approach. Additionally, it is less expensive, which incentivizes several individuals to skip expert guidance and do everything by themselves. However, probate law...
