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  • Checklist for Trust Administration – Part 6

    Distributing to the Beneficiaries    by Julie Garber with Steve Beede Usually the first question that the trust beneficiaries will ask the successor Trustee is “When can I expect to receive my inheritance?” But unfortunately for the beneficiaries, making distributions of the trust assets to the trust beneficiaries is the very last step in settling […]

    Checklist for Trust Administration – Part 5

    Paying the Estate and Income Taxes by Julie Garber with Steve Beede Once the successor Trustee has paid the final bills and has the ongoing trust expenses under control, the next step in settling the trust is to pay any income taxes, estate taxes and inheritance taxes that may be due. Income Tax – The […]

    Checklist for Trust Administration – Part 4

    Step 4 of Trust Administration – Paying the Bills and Expenses    by Julie Garber with Steve Beede Once the date of death values have been determined for all of the decedent’s assets, the next step in settling the Revocable Living Trust is to pay the decedent’s final bills and ongoing expenses related to administering […]

    Checklist for Trust Administration – Part 3

    Valuing the Decedent’s Assets – by Julie Garber and Steve Beede Once you’ve met with an estate and trust attorney and determined whether their services are needed, the next step in settling a trust is to establish date of death values for all of the decedent’s assets. All financial institutions where the decedent’s assets are […]

    Checklist for Trust Administration – Part 2

    Deciding whether to use an Estate or Trust Attorney by Julie Garber with Steve Beede Once the decedent’s legal documents and other important papers have been located and sorted through, the next step in settling a Revocable Living Trust is to meet with an estate and trust attorney to determine if Probate will be required […]

    Checklist for Trust Administration – Part 1

    INVENTORY DECEDENT’S DOCUMENTS AND ASSETS  by Julie Garber & Steve Beede Most people have little experience dealing with what happens after their loved one dies and they have been designated as the Successor Trustee who will be in charge of settling their loved one’s Revocable Living Trust. The purpose of this guide is to provide […]

    Understanding Estate Planning – Part 4

    UNDERSTANDING ADVANCED HEALTH CARE DIRECTIVES (Originally Published October 2013) WHAT IS AN ADVANCED HEALTH CARE DIRECTIVE? An Advanced Health Care Directive (AHCD), also called a “Living Will”, is a document in which you can specify now who you want to make health care decisions for you in the future in the event that you are […]

    Understanding Estate Planning – Part 3

    UNDERSTANDING POWERS OF ATTORNEY (Originally Published October 2013) WHAT IS A POWER OF ATTORNEY? Some times in life, we want to give another person the legal authority to make decisions for us when we cannot make the decision ourselves. The document that is used to do this is called a “Power of Attorney”… essentially authorizing […]

    Understanding Estate Planning – Part 2

    (Originally published Sept. 2013) UNDERSTANDING WILLS AND TRUSTS WHAT IS A WILL? Most of us have heard the term “Will” or “Last Will and Testament” but many don’t know what that exactly means. A Will is simply a document in which you designate who will get your real and personal property upon your death and […]

    UNDERSTANDING ESTATE PLANNING – Part 1

    Now that the economy is recovering, many people are taking a look at their assets and looking for ways to preserve what they have and how to provide for their loved ones when their gone. That process is called “Estate Planning”. Here at BPE Law, we’ve been providing Estate Planning services to our clients for […]