What is a Fiduciary And Why Would I Need One

What is a Fiduciary And Why Would I Need One

A fiduciary is an individual that acts on the behalf of another individual to manage his or her assets.  Being a fiduciary means being ethically bound to act in the best interests of the other individual. A fiduciary is an individual who is obligated legally to act in...
Do All Wills Go Through Probate

Do All Wills Go Through Probate

When people hear the word probate, visions of drawn out, expensive court proceedings often come to mind.  However, this really is not the typical case.  Probate is often a simple procedure, taking six months or less, in which a judge ultimately gives legal permission...
What are Intestacy Laws

What are Intestacy Laws

Intestacy is defined as the state of dying without having a will.  The estate of any individual who dies intestate (i.e. dies without leaving a will behind) must go through the probate court.  The intestacy laws of the state will then determine who will be the...
Best Investment Accounts For Seniors

Best Investment Accounts For Seniors

Even as we age, and are looking towards end of life decisions, financial matters remain important.  Deciding on the best investment accounts not only helps your own peace of mind, but can also ease any burden placed on your loved ones in the event of your passing. One...
Do I Need Both a Will and a Trust

Do I Need Both a Will and a Trust

If you have a have a trust, do you also need a will?  Even if you transfer the majority of your property through a living trust or other estate planning tool, you should also have a will.  Without a will, any property that isn’t passed along to beneficiaries by those...
How Long Does the Executor have to Settle an Estate

How Long Does the Executor have to Settle an Estate

Being named an executor is a significant responsibility.  It can also be quite time consuming, depending on the size and complexity of the estate.  Most estates can be settled within a year, but there are definitely exceptions to this. Before closing an estate, the...
How to Select an Executor for Your Will or a Trustee for Your Trust

How to Select an Executor for Your Will or a Trustee for Your Trust

When you write up your will you need to choose individuals for a few positions: executor, guardian (if you have minor children), and trustee (if you have a revocable or irrevocable trust). Your executor is responsible for making sure that your assets are protected and...
What Happens When There is no Will or Trust in Place

What Happens When There is no Will or Trust in Place

If you die without having created and signed a will, it means that you have died ‘intestate.’  If this happens, the intestacy laws of the state where you currently reside dictate the way in which your property is divided after you pass away.  This includes...
What is Estate Planning

What is Estate Planning

You may not believe it, but everyone has an estate.  All of your possessions make up your estate, including your vehicles, real estate, banking accounts, all investments and life insurance policies plus any of the other of the myriad of things you own from the couch...
How to Determine the Value of Household Belongings

How to Determine the Value of Household Belongings

Your loved one has passed away, you have taken the time to grieve, and have allocated any items specifically mentioned in the will to the appropriate beneficiaries. You and your family have now also sorted through their possessions and decided which you want to keep...