"Why the Certificate of Trust is Important in Adding New Assets to Your Trust" by Attorney Nicole Livingston … [Read more...] about Why the Certificate of Trust is Important in Adding New Assets to Your Trust (Audio)
Were you recently notified that you will be receiving an inheritance? If so, an inheritance can come hand-in-hand with conflicting emotions. An inheritance follows the death of a loved one, and especially in the event of a sudden or unexpected loss, may cause you to experience the grief that comes with it. On the other hand, an inheritance can often mean financial freedom for the recipient. A … [Read more...] about What Should I Do With My Inheritance?
It’s likely you already have a comprehensive estate plan in place and probably spent hours contemplating the decisions you made in your plan. You also placed a great deal of thought towards the distribution of your estate assets, your choice for executor of your Will, Trustee of your Trust, and guardian for your minor children. You covered everything right? Well maybe not. All too often, people … [Read more...] about Do You Know Who Your Designated Beneficiaries Are?
When we traditionally think about estate planning we think about wills and trusts and powers of attorney. We think about how these documents will help protect our assets, but often times the discussion of assets is limited to real estate and bank accounts. Today I want to introduce you to something that is becoming an increasingly important part of estate planning but one that is just as often … [Read more...] about How Do I Protect My Digital Assets Through My Estate Plan?
Very shortly after the death of rock star Prince, a search began for his last will and testament. When a will was not found quickly it became evident that Prince died without having one prepared. Why Prince did not prepare a will we may never know. Unfortunately, what he left behind has resulted in a big mess which is being sorted out by the courts of the State of Minnesota where Prince … [Read more...] about What Does It Mean To Die Intestate?
Estate planning may look very simple on its face. At its simplest form, it can consist solely of a traditional last will and testament. But is this enough? Is this the most important thing? A practical approach to estate planning is one that focuses on the client’s goals. Estate planning can include simple powers of attorney, wills, and include revocable living trusts, irrevocable life insurance … [Read more...] about What are Your Most Important Estate Planning Goals?
You stopped procrastinating on your estate planning and you created a Revocable Living Trust. The first step has been completed. Now, come the next step. It is important to properly title you assets in the name of your revocable living trust. This is called funding your trust. If an asset is held in your name alone at your death, then it will need to go through the probate process. You need … [Read more...] about How to Title a Burial Plot
At the death of a loved one, life appears to occur at a lightning pace. We are grieving and making numerous decisions to give our family comfort. One of the first items that should be completed is to report the death to the Social Security Administration. However, do not be surprised if it learns of the death prior to your contact. Usually, if funeral arrangements were made, the funeral director … [Read more...] about Why Do I Need to Contact Social Security When a Family Member Passes?
"Why Do I Need to Contact Social Security When a Family Member Passes? by Attorney Victor A. Lembo … [Read more...] about Why Do I Need to Contact Social Security When a Family Member Passes? (Audio)
After you signed your estate planning documents, the next logical question is where should I keep my documents? The answer really depends on your individual circumstances. The Register of Wills office in the county where you reside can store your Last Will and Testament in their safe for safekeeping purposes. If you think someone will destroy your will or tamper with your will, then it is … [Read more...] about Where Should I Keep My Will?