A fiduciary is defined as any person who acts in a representative capacity, with legal authority, on behalf of someone else or a decedent’s estate. There are several different types of fiduciaries, depending on the context, including a trustee...
While most people understand that estate planning involves providing for loved ones upon their passing, many are unclear as to what the estate planning process actually entails. This unfortunately leads to stubborn myths about estate planning that this article seeks to clarify.
Myth 1: Estate Planning Is Only for Older People
Younger people...
When Prince passed away earlier this spring, we lost a truly amazing musician. His music and showmanship was groundbreaking, but so too were his ideas about the rights of recording artists. Over the years he has been in court probably more than any other musician out there, fighting for control of his...
What happens if I forget to put an asset into my Trust? This is a question that many of our clients ask during our meetings.
Legally, if an asset was not put into the trust by title or named to be in the trust, then it will go where no asset wants to...
Estates planning for women have changed drastically over the past several years. Many women today have their own careers, and manage their own financial planning.
Estate planning does not pertain only to death. A typical younger woman nowadays should start thinking about her own estate plan as soon as she is capable of...
Our office received an interesting question the other day about credit card debt. He wanted to know if his credit card debt is automatically forgiven upon his death. A lot of people are under the impression that your credit card debt dies along with...
