Understanding Fiduciary Duties: A Guide for Executors and Trustees

Understanding Fiduciary Duties

As an estate planning firm, clients entrust us with the intricate task of protecting their estates to the greatest extent possible and ensuring their wishes are carried out seamlessly. Central to this process are the roles of executors and trustees—individuals vested with significant responsibilities and legal obligations known as fiduciary duties. But what exactly do…

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Choosing the Right Executor: A Vital Decision for Your Estate Plan

Choosing the Right Executor

In the intricate landscape of estate planning, selecting the right Executor holds paramount importance. The role of an Executor is akin to the captain of a ship, entrusted with navigating the complex waters of distributing assets, settling debts, and ensuring the fulfillment of your wishes after you’re gone. Therefore, it’s imperative to meticulously consider various…

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There Are Many Types of Trusts: 10 Considerations On Which Is Right For You

Considerations for Choosing a Trust

A revocable trust and an irrevocable asset protection trust are two distinct estate planning tools, each with several differing sub-types and their own advantages and limitations. Revocable Trusts A revocable trust, often referred to as a living trust, allows the grantor (the person creating the trust) to retain control over the assets placed within the…

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How Bad is Going Through Probate, Actually?

probate

Probate—a term that often sends shivers down the spines of individuals faced with the passing of a loved one. Many perceive it as a cumbersome and lengthy legal process for your loved ones to deal with, conjuring images of complicated court proceedings and significant delays. And, don’t get us wrong, it certainly can be. But…

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‘Tis the Season to Talk About Charitable Estate Planning

The holiday season is a time for giving, for cherishing our loved ones, and for reflecting on the things that truly matter in our lives. It’s a season of warmth, generosity, and selflessness. For many, it’s also a time to consider how you can leave a lasting legacy by incorporating charitable giving into your estate…

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Leave a Roadmap with Your Estate Plan

leave-a-roadmap

Estate planning is an essential step in securing your family’s financial future and ensuring your assets are distributed according to your wishes. The estate planning process typically includes creating a Will or establishing a Trust, designating beneficiaries, appointing agents and more all with the goal to minimize taxes, avoid probate, and ensure your assets go…

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Leaving Your “Family Home” to Your Loved Ones

leaving-your-family-home

Throughout your life you have worked hard to acquire the house you and your family now call “home” – the home where you raised your kids, lived most of your life and created wonderful memories. So, it is understandable that even when you your kids grow up, move away and create the next chapters of…

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Estate Planning for a Second Marriage

estate-planning-for-second-marriage

So you’ve decided to remarry? Congratulations! You’re getting a fresh start on life and beginning an exciting new chapter in your story. However, a remarriage is not without its difficulties. Compared to a first marriage, many people embarking on a second marriage are at a later stage in life and are likely to have more…

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Properly Funding Your Trust: Don’t Leave Your Loved Ones Behind

Business man show money bank note make financial plan invite people to sell or buy house and car - monetary properties loan credit insurance concept

You’ve put in the hard work. You’ve set up a trust and you’re well on your way towards protecting your family’s future. Or are you? There are many steps when it comes to establishing a trust and one of the most important is also one of the most easily overlooked: trust funding. Simply put, if…

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