» Trust Administration

Anne Heche Leaves an Estate With No Direction

Actor Anne Heche made recent headlines with a dramatic car crash into a house that resulted in her death after several days in a hospital on life support. Tragically, she left behind two sons, aged 20 and 13. The extent of her estate at the time of h… Read More
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Thoughts on Being a Personal Representative

Serving as a personal representative of someone’s estate (or as trustee of their trust) is a great honor. It means that they have confidence in you to carry out their wishes when they are no longer able to do so. That honor is also a great responsi… Read More
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What is an In Terrorem Clause?

One of the reasons you create an estate plan is to make sure that your wishes for the distribution of your property are honored. Another reason is to prevent your heirs and beneficiaries from arguing over your estate. Sadly, even if you have a will,… Read More
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New FDIC Regulations May Affect How Your Trust is Insured

Trusts are a popular estate planning tool for many families because of the protections they provide. Depending on the type of trust, those protections may be against taxes, creditors, or even beneficiaries’ impulsive spending. But how are the asset… Read More
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Why Do I Need to Set Up a Living Trust?

If you have been thinking about making or updating an estate plan, chances are you have wondered if you need a living trust. Once upon a time, most people thought of trusts as only for the wealthy. Having significant wealth is definitely a good reaso… Read More
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What Legal Rights Does a Trust Beneficiary Have?

At its most basic, a trust is a legal relationship between three parties: the grantor (also called the settlor or trustmaker), who creates the trust and funds it; the trustee, who is in charge of managing the trust and making distributions; and the b… Read More
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Planning for Flexibility in Your Trust

As any estate planning attorney will tell you, estate planning is important, because the future is uncertain. But it is that very uncertainty that makes estate planning more difficult. In the past, estate planning options, like certain trusts, offere… Read More
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Can a Trustee or Attorney-in-Fact Be Compensated?

A trustee and an agent under a power of attorney are fiduciaries, meaning they are obligated to act honestly and ethically in the best interests of the person granting the power. Acting as someone’s trustee or agent (also called an attorney-in-… Read More
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What to Do When a Family Member Dies

The first minutes and hours after a loved one dies are very emotional for everyone. Before even having had a chance to process the death, grieving loved ones need to take certain steps and are faced with some very important decisions. This time can b… Read More
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Who Gets Mom’s Ceramic Chickens?

Unlike money, personal belongings usually cannot be divided equally after their owner passes away. For this reason, distributing possessions like furniture, jewelry, dishes, silverware, artwork, photographs or clothing is often the most difficult cha… Read More
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