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When you start a business, you probably aren’t thinking about what will happen if you or another owner leaves the business. Even if years have passed since you launched, you may not have thought about a succession plan. However, it is important to plan for the...
A fiduciary, such as the executor of an estate or trustee of a trust, is in a position of power and control over the estate or trust. As such, a fiduciary has certain legal duties to the beneficiaries of the estate or trust. One of the key responsibilities of the...
If you are named as an executor or administrator of an estate, it is your responsibility to manage and close the estate. This is a complicated process that begins with filing a petition with the Probate Court as discussed in our prior blog post, Probate and Estate...
When someone dies owning property, there is a legal process for distributing the person’s assets. This process begins in Probate Court. There are numerous rules and procedures in Probate Court and they differ depending on whether the individual who died (the...
When it comes to an estate plan, there is no way to guarantee that beneficiaries and/or creditors of your estate will not pursue litigation after you die. Unfortunately, parties can try to contest your will or object to some aspect of a trust you created (including...
When an individual cannot care for themselves or their affairs, it may become necessary to have someone else take on that role to protect the person. A guardian or conservator (the term used depends on the state where the person lives) is a person appointed by a...