Estate Planning

Being appointed as a personal representative for someone's estate for the first time can feel overwhelming. Between legal requirements, financial responsibilities and personal dynamics, there’s a lot to manage.  It is true that estate administration can be complex,...

When you are involved in estate administration, protecting the heirs should be a priority. Estate disputes can arise for various reasons, but there are steps you can take to minimize conflicts and ensure that the heirs' interests are safeguarded. Whether you're an...

When you inherit property, you might wonder how the value of that property will be taxed. Understanding the stepped-up tax basis rules can help you know what to expect. These rules play an essential role in determining how much you’ll pay in taxes if you sell...

Planning for future healthcare decisions ensures people respect your wishes when you cannot communicate them. Two essential documents in this process are the living will and the power of attorney. While both play important roles, they serve different purposes. What is...

The executor of an estate is responsible for managing and distributing the deceased's assets. This means that the executor also must handle any creditor claims that arise during probate.  Addressing these claims appropriately will resolve the estate's debts and...

Fighting over a will can make a tough time even harder for families. With good planning and clear communication, families can avoid many arguments. Taking the right steps can help prevent confusion and keep the process peaceful for everyone. Create a clear and simple...

Blended families bring unique dynamics to estate administration. When a person passes away, conflicts can arise due to differing relationships and expectations among family members. Executors face complex tasks when navigating these emotional and legal challenges....

Estate planning can be a complex process. However, it is crucial to ensure the distribution of your assets is according to your wishes after you pass. One often overlooked aspect of this process is the designation of contingency beneficiaries. Understanding their...

Creating a trust can be a powerful tool for protecting assets from creditors during your lifetime. Different types of trusts offer varying levels of protection.  Understanding how trusts work can help you make the right choices for your financial future. Types of...

When someone passes away, managing their estate involves either an executor or an administrator. These roles play a crucial part in fulfilling the deceased's wishes and legal obligations, but they differ in key ways. What is an executor? An executor is a person named...