As your parents age, you may notice they are showing signs of aging like forgetfullness, or irresponsible spending. As they age, they lose the mental acuity they had when they were younger. This can make them more vulnerable to financial...
Category: Estate Planning & Trusts
Strategies to Minimize Probate Costs
When a person dies, his or her estate must usually be probated. Probate is a process for determining who receives property and assets and settling debts against the estate. Although probate can be time-consuming and expensive, there are strategies to minimize robate costs. The dedicated Estates and Trusts attorneys of...
Qualities of a Successful Estate Executor
Choosing an executor is one of the most important decisions you will make as you create your comprehensive estate plan. The executor’s responsibilities are numerous and must be fulfilled diligently if your estate is to be properly managed. Not everyone is up to the task or even willing to serve as...
‘Tis the Season: Gifting And Charitable Giving Through Estate Planning
While estate plans are thought of primarily as means to pass on property to relatives, they can also be used to provide gifts and charitable donations to those outside the family. Using an estate plan for gifting and charitable giving is a rather common occurrence. These plans can even reduce tax...