Larry King’s wife, son on opposite sides in court battle over late talk-show host’s handwritten will Control of Larry King‘s estate is pitting his family members against each other in court. Shawn King, wife of the late, legendary talk-show host, sought to block efforts by his son, Larry King Jr., to administer an estate valued at…
Details
The passing of a loved one is never easy, especially when it comes to addressing the more technical side of things. We hope that we can make the process easier for you. How your accounts are owned makes a big difference in estate planning. The main objective is usually to ensure that no accounts and…
Details
The death of a loved one is never easy. Regardless of your relationship with the deceased (blood relative, life partner, or close friend), you need space and time to process and grieve your loss. Once you have had time to cope with all that has happened, you should consider updating your estate plan in light…
Details
When establishing a trust, you must give serious thought to who you choose as your successor trustee—the person who will manage, invest, and hand out the trust’s accounts and property once you are no longer able to do so. This individual ideally should be ● someone you trust implicitly; ● someone who is organized, responsible,…
Details
When you establish a trust, you name someone to be the trustee. A trustee does what you do right now with your financial affairs—collect income, pay bills and taxes, save and invest for the future, buy and sell property, provide for your loved ones, keep accurate records, and generally keep things organized and in good…
Details
If you have a revocable living trust, you probably named yourself as the initial trustee so you can continue to manage your financial affairs. Eventually someone else will need to step in when you are no longer able to act due to incapacity or after your death, however. Your successor trustee plays an important role…
Details
When you create a living trust, you must name a successor trustee to take over for you if you are unable to act due to incapacity or death. It is crucial that this decision be given careful consideration and that the right person be selected for the job. Role of Successor Trustee If you become…
Details
An estate plan that includes a revocable living trust is an excellent way to protect yourself and your loved ones upon your passing or in the event you are unable to manage your own affairs. As opposed to other estate planning options, a revocable living trust gives you the ability to keep control of and…
Details
Being named as a successor trustee in someone’s revocable living trust document can be considered a great honor. But with that honor comes responsibility. Whether you were appointed to this role due to someone’s death or incapacity, we are here to assist you with understanding your role in the trust administration process and to offer…
Details
Create a Will and Other Estate Planning Documents Everybody should have an estate plan, yet over half of all Americans do not have one. Some people might think that since they are not millionaires that estate planning isn’t something they need. Others may know that they need one but just haven’t gotten around to doing…
Details
Personal representative’s duties are commonly considered, but often misunderstood. This guide will help you understand what a personal representative does and his or her duties (a personal representative is called an executor in some states). Acting as a personal representative can be a time consuming task. It’s a good idea to review this list before…
Details
I often get asked “how can I use a revocable living trust to avoid probate?” My answer: by properly funding your Revocable Living Trust. A large part of the probate process is transferring title to assets out of the name of the deceased person and into the name of the new owners (the heirs). You…
Details