For many families that are handling the loss of a loved one, the idea of dealing with probate court may feel overwhelming. It is likely that loved ones need the assets in the estate to pay bills and maintain their standard of living. Probate court can be complex at times, however, with the right fiduciary […]
An estate or trust of which you are a beneficiary will be managed by a fiduciary. Fiduciaries are those that manage things on behalf of another, and popular types of fiduciaries include trustees, executors, administrators, conservators, and guardians. While the different words for fiduciaries all imply different situations in which one person must represent another, […]
Fiduciaries have legally binding duties to those they serve, including acting in a timely manner and having the best interests in mind of the interested parties of the fiduciary. Beneficiaries who need to hold fiduciaries accountable for breaching their duties may want to retain a fiduciary attorney litigator. The attorneys at Gaslowitz Frankel LLC have […]
When you are the beneficiary of an estate, a reliable executor is key to maximizing the amount available for distribution to and the efficiency of estate administration. Executors are meant to have the best interests of the beneficiaries and creditors in mind when fulfilling their fiduciary duties. However, executors sometimes abuse their position. As leading […]
Fiduciaries, such as estate administrators and trustees of trusts, play crucial roles in the management and administration of the assets entrusted to them. A fiduciary who adheres to their obligations, like the duty of care and duty of loyalty, are invaluable assets. A fiduciary who breaches those obligations can cause havoc to your estate plan. […]
Estate disputes can cause immense stress to those family members mourning a loved one. These disputes, which are sometimes triggered by late-in-life changes to estate plans, add stress to situations that are already quite distressing. Choosing to mediate these disputes can help ease stress, end conflict, and preserve relationships. “Alternative dispute resolution gives attorneys and […]
Estate disputes are often caused by divorcees failing to change and/or affirm beneficiary designations on their life insurance policies, retirement accounts and other assets. Recently, Gaslowitz Frankel LLC attorneys Robert Port and Luke Caselman secured a $1 million judgment for their client, whose case arose out of just such a scenario. Port noted that the […]
Most of the duties of an administrator of estate in Georgia can be summarized under fiduciary duty. A fiduciary is a person or entity responsible for carrying out tasks on behalf of another person, and an administrator of an estate carries the role of a fiduciary. Fiduciary duties require an administrator to behave in the […]
Estate administration requires a reliable and trustworthy administrator. An administrator has many duties that must be performed timely, with integrity and with diligence. If an administrator fails to perform their duties, the estate and the beneficiaries may suffer damages. Those that feel trapped by a failing administrator have legal options. What is an Estate Administrator, […]
The transfer of an estate is often more than just money and property — it is a manifestation of one’s legacy and values and the compilation of what a testator has to offer those he/she loves. Because of the emotional and mental collateral often attached to estates, there is a chance for there to be […]
