When one sibling is named the trustee of their parent’s trust, it can put a lot of strain on the family relationships. The trustee may feel overwhelmed with his trustee duties and become resentful that his siblings don’t have the … Read More
If you are the executor of someone’s will, it is your responsibility to settle their estate after they die. Among other things, you will need to prepare and file a court accounting with the probate court. A court accounting is … Read More
Taxes are not likely to be the first thing that comes to mind when someone passes, but there are tax matters that need to be addressed. If you are the personal representative of the estate (such as an executor, administrator, … Read More
The main difference with informal vs formal court accounting is the comprehensiveness of the accounting. Informal is often used when there is no beneficiary disagreement, while formal is often required when there is concern that estate’s assets were not properly … Read More
As an attorney, you may be limited when it comes to assisting your elderly clients with financial matters outside your scope of work. However, this doesn’t mean you can’t help your client find the support they need. In fact, you … Read More