If a friend or loved one has chosen you to act as trustee over their estate, think twice before saying yes. You might consider the invitation an honor, but it’s one that comes with significant obligations. Failing to appreciate these trustee responsibilities can lead to legal problems for you and others if...
Category: Trust Administration
Ask the Attorney: Do I Need a Lawyer to Help Administer a Trust?
Trusts can be particularly taxing and confusing to administer. Fortunately, you don’t have to take on this daunting responsibility alone. If you’ve recently been appointed as a trustee, an estate planning attorney can help guide you on your trust administration journey to ensure that you fulfill your duties successfully.
Do Heirs Have to Pay Off Their Loved One’s Debts?
The recent economic recession, and staggering increases in health care costs have left millions of Americans facing incredible losses and mounting debt in their final years. Are you concerned that, rather than inheriting wealth from your parents, you will instead inherit bills? The good news is, you probably won’t have to pay them.