US-Based Trustee A Foreign Beneficiary of a US Trust is a person who lives outside of the US and is named as the beneficiary of the Trust. If you are a foreign beneficiary, contact the US Trustee to get your distribution. The Trustee handles the Trust and its distribution. After the death of the grantor, … Continued
Crypto is Coming By now you have probably heard about cryptocurrencies such as Bitcoin or Ethereum, and perhaps you have invested in them too. Regardless if you are a crypto expert, or outright against cryptocurrency, it’s important to understand how to plan for owning crypto assets as they gain mainstream traction. Planning for digital assets … Continued
Losing a loved one is always difficult, and there are often additional challenges after someone’s passing when sorting through the decedent’s affairs. When someone dies, their assets are evaluated by the probate court so beneficiaries and outstanding debts are identified. The first document the probate courts request is a Last Will. In the case no … Continued
People with estate plans should feel that their assets and loved ones are secure in the future. That’s true, but an estate plan doesn’t mean it ends there. The Grantor of a trust may need to update their estate plans from time to time to ensure that their plans comply with the latest laws and … Continued
Estate planning is often overlooked by just about everyone. People go on with their lives without a plan for their future, and they live in the present moment. But there are only disadvantages to not planning ahead. Even celebrities will succumb to these consequences if they did not plan for their estate. Prince “Prince Rogers … Continued
Protect Yourself Assets take a lifetime to accumulate but can be lost in an instant. We often see people who have worked hard all their lives lose some or all of their assets due to lawsuits, bankruptcy, creditors, family accidents, or other unfortunate circumstances. These risks are common, but that doesn’t mean they have to be yours if you take the right precautions. The Myth, The Legend, The Protection Asset protection aims to ensure … Continued
The Innocent Trust Fund Baby For a long time, many people believe that those born to wealthy families have it easy. That money is no longer a concern for them, and that they have trust funds to support their money problems. We may need to take a step-back to learn the basics of a Trust … Continued
Who is the Personal Representative? A personal representative is the person who represents the estate of a person who died without a Last Will, or intestate. The Probate Court has the duty to select the person best suited to take the responsibility. The descendants can not choose the person but they can nominate someone … Continued
Understanding Probate In order to differentiate between the types of assets which will undergo probate, and those which will not, it is imperative to understand what probate entails. Probate is a legal procedure that occurs when someone dies. The probate court will assess the decedent’s assets and proceed in accordance to the decedent’s Last Will, … Continued
Probate Who? You’ve heard about probate, but do you actually know what it is? Do you hear positive or negative things about probate? Who goes through probate? Probate is the legal procedure that occurs when someone dies affecting their assets. The probate court evaluates and distributes these assets. The first step in probate … Continued