A trustee's work can be time-consuming and complicated. So, many people choose to hire a professional fiduciary to be their trustee. Sometimes this is a bank, a professional trust company, or an estate attorney. When looking to hire a professional to serve as your trustee, the following are several questions to keep in mind.
If your spinal cord stimulator was defective and had to be surgically removed, you may seek compensation from the manufacturer. Here are a few things you can do to help your case.
Aaron’s passing was one of the more tragic celebrity deaths of 2022. It's also one of the messiest from a legal perspective. The late singer died unmarried and without a will, raising questions about the value of his estate, what will become of his remaining fortune, and who will provide care for his young child.
A SLAT is a type of irrevocable trust created by one spouse (the trustmaker) for the benefit of the other spouse (the beneficiary). The trust is used to transfer money and property out of the trustmaker's estate. This strategy allows married couples to take advantage of their lifetime gift and estate tax exclusion amounts.
While Knives Out appealed to viewers because of its interesting characters and dramatic plot twists, the more mundane topic of estate planning is central to the movie. In Knives Out, there are several common estate planning issues that could trigger real-life family drama.
We often think that if we're careful enough, and draft an estate plan, our estate won't have to go through probate when we die. But sometimes, the unexpected happens. Here are seven reasons why an estate might have to go through probate.
Jerry Lee Lewis passed away in October 2022, leaving behind a large legacy and a multimillion-dollar estate. While celebrities may seem unrelatable to most, they face many of the same issues the rest of us do. For example, tax planning issues and estate planning worries. The passing of Jerry Lee Lewis has sparked thoughtful reflections on his life spent in the spotlight. Many are also wondering what will become of his fortune, and his estate.
Many people view cryptocurrency as the next great investment strategy. But, like with any investment, sometimes things don't go as planned. If you own crypto or NFTs, you need to include them in your estate plan.
Not recording a deed can cause problems for the grantee. They may be unable to obtain a mortgage, insure the property, or sell it. Even more problematic, an unrecorded deed may make it possible for the grantor to sell the property to two different buyers. If the original buyer failed to record the deed, the property could be sold out from under them.
Anne Heche died without a will and consequently placed her surviving family members in a difficult position. Who had a right to inherit? Who would receive what? Family fighting and court battles ensued.
