If you have a revocable living trust, you probably named yourself as trustee so you can continue to manage your own financial affairs, but eventually someone, as your successor trustee, will need to step in for you when you are no longer able to act due to incapacity...
Most people understand that having some sort of an estate plan is, as Martha Stewart would say, a “good thing.” However, many of us don’t take the steps to get that estate plan in place because we don’t understand the nuances between wills, trusts & dying...
Confused about the differences between wills and trusts? If so, you’re not alone. While it’s always wise to contact experts like us, it’s also important to understand the basics. Here’s a quick and simple reference guide: What Revocable Living Trusts Can Do – That...
ElderlawAnswers.com provides us with information that the Florida Supreme Court rules that money acquired by a woman after executing a form will she obtained from the Internet should be distributed according to the laws of intestacy because the Internet will did not...
Saturday’s New York Times contained an article of interest. The New York socialite Brooke Astor apparently has bank accounts at CitiBank that have not yet been discovered by the executor of her estate – despite the fact that she died in 2007. ...
Diamonds are forever! Estate planning is not!The travails of the James Brown (Godfather of Soul) estate show just how bad things can get when estate planning documents are not updated when there are changed circumstances. Brown didn’t update his...
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