Maintaining Your Will Now May Avoid Battles Later

When 1970s pop star Gerry Rafferty died in 2011, his death ignited a lengthy legal battle over who would inherit his estate. The ensuing battle should serve as a reminder that maintaining your estate plan is just as important as creating it. Rafferty drafted his will in 2007. The will named his daughter and granddaughter… Read More »

How To Pay Your Trustee

Some trusts may be silent on the issue of how much and when to pay the trustee for their services. Some trustees may not want to be paid because they feel uncomfortable writing a check out of the trust and to themself. Other trustees want to be paid, but the beneficiary is unsure of how… Read More »

Seattle Woman Attempts to Make Estate Planning Painless

A Seattle mother of two has set out to make estate planning less daunting for ordinary people. Her web site, “get your stuff together,” encourages people to manage their affairs while they still can. According to “get your stuff together” creator, Chanel Reynolds, “It takes really just a few hours now, rather than a pile… Read More »

When to Write and Update Your Will

It is often difficult for an individual to go through the process of planning for his or her own death. This, however, is an extremely important action that everyone must take in order to provide for the well-being of his or her heirs in death. A recent article discusses certain events after which it is… Read More »

Transferring A Residence To A Living Trust

The decision to transfer the title of a home to a living trust is not a decision that should be made lightly. An individual should speak with their estate planning attorney before deciding to make such a transfer, as many potential consequences may be unforeseeable by a lay person. If you decide that you would… Read More »

How to Minimize Estate Taxes

Income Taxation of estates and trusts is inherently complicated. With the passage of the American Taxpayer Relief Act of 2012, this area of estate planning has become even more complicated. A recent article discusses how to minimize income taxation. It is important for fiduciaries and beneficiaries of estates and trusts alike to be aware of… Read More »

Obstacles in Business Succession Planning

Often, the path to business succession is not smooth. As a recent article notes, the single best way to ensure that succession planning goes as smoothly as possible is to be proactive. Family businesses should have a succession plan in place long before they anticipate needing it. According to director of the Family Business Alliance,… Read More »

Debts After Death

In order to determine the nature and extent of a deceased person’s estate, it is important to determine the financial position of the deceased. A recent article discusses how to deal with the debt of a loved one after he or she has died. If the decedent had any credit cards, an important consideration is… Read More »

The Pros and Cons of Probate

Every adult should take the time to create an estate plan. A vital part of the estate planning process is considering whether you would like your estate to go through the process of probate. A recent article discusses the pros and cons of probating an estate. One benefit of probate is that, through probate, the… Read More »