Artwork, Antiques, Collectibles… How to Plan for Them?

Don’t let your investments end up being considered just “personal property.” After your death, all of the things in your home or office are considered  “personal property” and depending on how you’ve planned, may become subject to the determination of the person appointed as your personal representative.  The personal representative can decide to sell them, [...]

How Much $ Would You Pay for an A+ Estate Plan?

Probate costs can far exceed the cost of personally crafted estate plan. Everyone’s situation is different, and therefore, everyone has a different need for an estate plan. An estate plan is personalized and created custom to fit your needs. You could say that getting a skillfully drafted estate plan is one of the best investments [...]

What is a Guardian Ad Litem?

When would I encounter a Guardian ad Litem? Let’s say you’re in court as the Personal Representative of your loved one’s estate and you have everything ready to go. You have your letters of authority, an inventory in hand, and you are about to petition the court to get approval to sell some real property. [...]

I’ve Been Appointed Personal Representative – What Now!?

The probate court has delivered Letters of Authority appointing you as Personal Representative of your loved one’s estate. So, now what? This is a tremendous responsibility, and it is easy to get overwhelmed by the long list of what needs to be done, all the different court requirements and deadlines, and the arduous processes of [...]

Social Media v. Privacy: What’s the Verdict?

Just recently, traditional notions of privacy have clashed with social media, prompting a headline-making case: Yahoo is denying two personal representatives access to their deceased brother’s emails. What’s the Story? John Ajemian was just 43 when he died in a bike accident in 2006. He did not have a Will, so his brother and sister [...]

I Don’t Agree with Their Trust/Will. Can I Change It?

Fictional Scenario: Our client who we prepared an estate plan for had just passed away. She had named her oldest daughter as the sole successor Trustee and divvied up her remaining assets among all four of her adult children. Three of her four children had given her grandchildren. The youngest daughter decided that she and [...]

MY LOVED ONE DIED AND I AM NOMINATED PERSONAL REPRESENTATIVE. HELP!

 Losing a loved one is a tragedy that everyone will eventually face. It can be overwhelming to cope with a loss, not to mention the stress of learning and managing your responsibilities as Personal Representative (PR). But, there’s no need to fret - we are here to walk you through your responsibilities. First: Commit First, [...]

WHO IS A TRUSTEE

The common terms in estate planning can be confusing and overwhelming. Terms such as “grantor,” “trustee,” “settlor,” “successor trustee,” “executor,” “personal representative,” and many others are commonly used. So much legal vernacular is enough to make someone’s head spin, especially without any prior knowledge of estate planning. This post will focus on who a trustee [...]

DEBT AFTER DEATH

It is very difficult to live an entirely debt-free life. Purchasing big-ticket items is a way of life (think homes, cars, and luxurious vacations) not to mention the things we need to pay for every month, like utilities, insurance, taxes, and medical bills. We do our best to pay off all of our debts, but [...]

WHY DO I NEED A WILL?

Who Wants to Talk About Death? Many individuals postpone writing a will for a variety of reasons. First, people understandably associate wills with death, and would prefer to avoid thoughts pertaining to it until necessary. Second, many may view writing a will as expensive, and deem the financial costs as outweighing the benefits of actually [...]