Depending on the facts and circumstances of a case, a trustee could end up being held personally liable for the trust's losses. If a trustee has been found to have breached their fiduciary duties, they may end up having to pay for the losses out of their own pocket. Trust...
Category: Estate Planning
Why Your Estate Planning Attorney May Not Be the Right Choice for Inheritance Litigation
While your estate planning attorney plays a vital role in helping you organize your assets, draft wills, and establish trusts, they may not be the best choice if you find yourself dealing with inheritance litigation. Estate planning focuses on preventing disputes and providing guidance for managing your estate during life,...
How to Plan Your Funeral in Your Estate Documents
Funerals are important to people because they celebrate their lives and shape how their friends and family will remember them. Understandably, people want a say in this important event, and there are ways that you can plan and pay for your funeral while you are still alive. If you think...
Why You Should Update Your Will and Trust Regularly
Estate planning is crucial for carrying out your wishes and caring for your loved ones when you can no longer do so. However, creating an estate plan is not a one-time event. It is a process that requires regular review and updates to adapt to changes in your life circumstances,...
How to Protect Your Estate from Probate Costs
Probate can be a costly process in several ways. First, probate can mean that you have actual economic costs associated with the process, which can amount to several percent of the estate or more. Second, probate can lead to other financial costs, including what you must pay for the administration...
Understanding the Differences Between Wills and Trusts
Estate planning is an essential step in securing the financial future of your loved ones. Two of the most commonly used estate planning instruments are wills and trusts. While both serve to distribute assets and protect beneficiaries, they function in distinct ways and serve different legal and financial purposes. When...
What Rights Do Beneficiaries Have During Probate?
The death of a close family member is always challenging. The legal process of probate can lead to additional stress and uncertainty. Understanding your rights to your loved one’s estate is essential when dealing with probate. Understanding the probate process and your rights as a trust beneficiary is essential to...
The Key Documents You Need for Estate Planning
Most people spend more time planning a vacation than they do planning their estate. That’s why so many estates end up in probate limbo. No will. No trust. No plan. Just grieving family members left to untangle a legal mess they never asked for. Here’s the reality: if you don’t...
How to Create and Manage a Trust Successfully
Be clear and consistent in communicating with your named beneficiaries, minimizing the risk of surprise or conflict when the trust is administered.
Securing Your Legacy: Ensuring Minor Beneficiaries Receive Their Inheritance with a Living Trust
Trust attorneys plays a crucial role in estate planning, guiding you through legal requirements and trust administration.