Tag Archives: trust administration

Account Beneficiaries: Why You Should Review Them Regularly

How your accounts are owned has a big impact on your estate plan.

The main objective is usually to ensure that no accounts and property are in only your name when you die.

When property is owned by only one person, they go into probate upon that person’s death. This is a costly, public, and time-consuming court...
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Who Should You Bring to Your Trust and Estate Administration Meetings?

When a loved one passes, it affects an entire family. However, when it comes to carrying out their wishes, not every family member has an equal say.

In fact, in many cases, only one person—the executor, or personal representative, of the estate—plays a role in administering a will. This role includes gathering the deceased’s accounts and...
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What Is a Separate Revocable Living Trust?

When a couple engages in foundational estate planning, one of the first questions addressed by estate planning attorneys is whether it makes sense for the couple to use a revocable living trust (RLT) as a part of their plan.

If using an RLT makes sense, an important follow-up question to married couples should be whether it...
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When Equal Isn’t Necessarily Fair in Estate Planning

Equality is a noble concept and one many people turn to when deciding how to divide up their estate.

There are many circumstances in which equal distribution of assets among beneficiaries is the right choice, but there are some cases where identical inheritances do not make the most sense. In such situations, the difference between what...
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