Recently a number of real property owners received a shock when they discovered that the adjacent golf course planned to build a solar panel array behind their homes which would block their beautiful views of the golf course, ponds, and waterfalls. Not only would this damage their enjoyment of their homes but it reasonably could […]
Every year, thousands of legal decisions get reached in the courts and thousands more laws get enacted. While most of these may not have any direct impact upon you, some of them can dramatically affect your life and how you do business. If you are running a company, they could even put you out of […]
Estate Plans include a variety of documents which together identify your assets and who gets them when you pass away. These most commonly are: (1) Living Trust; (2) Pour-Over Will; (3) Power of Attorney; and (4) Advanced Health Care Directive. But a critical issue in each is deciding on who gets to manage those assets. […]
In preparing Estate Plans, we have two key objectives: (1) to provide authority for someone to carry out our wishes when we are incapacitated or pass away; and (2) to provide for our loved ones and others by naming them as Beneficiaries. The typical Estate Plan can be over 100 pages long including its many […]
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 […]
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 […]
