Here is a situation: Dad and Mom owned a home. Dad died years ago and Mom stayed living there. In 2009 Mom died. No-one did anything with the Property because it had no equity. But now that the market is recovering, there’s suddenly value… and heirs that want it and are willing to fight over […]
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 […]
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 […]
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 […]
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 […]
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 […]
