When people set up trusts for their heirs, they will sometimes pick a very specific goal that they want to accomplish. The reason that they’re making the trust is that they want to decide how that money can be spent. Otherwise, they could just leave the money directly...
Month: January 2023
Family heirlooms can cause estate disputes
Family heirlooms are items that carry a certain amount of sentimental value. They may have been passed down for generations. But even if they are just heirlooms going from one generation to the next, they can be tricky, and they may increase the odds of an estate...
How to prepare your children for a large inheritance
Passing a large inheritance to children, such as cash, a business, real estate, automobiles, arts, jewelry, stocks or retirement accounts, is relieving for parents. It feels good to know your kids will have a comfortable standard of living should anything happen to...
5 things an executor should not do
As an executor, you are responsible for managing the estate of a deceased individual and carrying out their final wishes. But with this important role comes great responsibility, and there are certain actions you should avoid to fulfill your duties effectively and...