The holidays are upon us, which is the high tide of family togetherness every year. While having more active celebrations with friends and family is normal, it is important to remember to include your senior loved ones. Some elders have … Read More
Life is unpredictable, and you can never anticipate when you will need assistance managing your affairs. Should you become incapacitated, help overseeing your affairs is indispensable. When the time comes, establishing a proxy is critical to your well-being and that … Read More
When choosing a trustee, it is easy to trust a family member, friend, or associate with this considerable responsibility. However, trustees have obligations that go beyond being trustworthy, and possessing the right skills. From trust accounting responsibilities to having interpersonal … Read More
As we get older, people often establish trusts as a way to leave an inheritance and pay off remaining debts with their estate. A trust is a great option to mitigate stress and instill confidence with your finances and the … Read More
Establishing a supplemental needs trust or special needs trust is essential to preserving the quality of life for beneficiaries. Without these legal instruments, disabled individuals are vulnerable to losing benefit eligibility. However, managing these types of trusts can be complicated … Read More
Planning for the future can feel like accounting for the unknown, which can be overwhelming. Fortunately, trusts and estates are invaluable legal mechanisms that enable you to preserve, manage, and protect assets and property after death and take care of … Read More
It is never easy to relinquish autonomy. However, as we age, this is inevitable. While your parent may resist the notion of a power of attorney (POA) for their finances, this is often essential to their wellbeing, and it can … Read More
A trustee wields considerable power over a trust. However, there are mechanisms in place to ensure a trustee is adhering to the law and complying with the trust document. One such mechanism is a trust accounting. Here is what to … Read More
When someone is appointed the trustee, it signals a great deal of confidence in their integrity and commitment to ensuring a trust is managed and administered per the trustor’s wishes. Unfortunately, sometimes, trustees will exploit their position and use trust … Read More
Trust administration is an incredibly time-consuming, costly, and emotionally exhausting process. Especially in the instance of the loss of a loved one, emotions further complicate things. Because of this, trust creators or beneficiaries sometimes choose to waive a trust accounting … Read More