Fiduciary duties are legally imposed standards to which fiduciaries must adhere. The range of standards is wide and can be specified depending on the type of fiduciary relationship that exists between a representative and his representee. However, these standards can typically be broken into one of two categories: the duty of care and the fiduciary […]
There are many things to consider when looking for a fiduciary to help you grow and sustain your wealth. You want a person with integrity, interpersonal skills. But what else should you consider? Selecting a fiduciary is not something that should be done lightly. Here are some recommendations for the qualities to look for in […]
“Funding” a living trust refers to the process of transferring the ownership of assets from yourself to your trust. When this occurs, the assets are no longer titled to you, individually, but to your trust in care of your trustee. Funding a living trust can be quite complicated as different assets have different processes for […]
Creating your estate plan isn’t easy. You have to think two steps ahead about how the end of your life will affect your spouse, your kids, and the rest of your family. If you think planning is challenging, telling your heirs about the designations you made in your estate plan can be even more uncomfortable. There […]
When you are in the middle of working through the process to make sure your divorce is finalized properly, it’s easy to become overwhelmed. Between the emotional turmoil of ending your marriage, navigating new living plans for your children, coordinating the division of assets, filling out paperwork, hiring divorce attorneys, and everything in between, it’s […]
Determining the rights to an estate when the deceased did not create an estate plan is quite complicated, especially for blended families. In some cases, stepchildren feel like the surviving parent is being greedy with estate assets and not providing them with a fair share. Sometimes biological children of the deceased parent will feel as […]
Are you considering contesting a loved one’s will? The time limitations for doing so vary from state to state. Here’s what you need to know about contesting a will in Georgia. What Is The Statute of Limitations for Contesting a Will in Georgia? In Georgia, as long as an heir has a “valid basis” to […]
In a 2019 study by Pew Research Center, it was found that roughly 59% of people ages 18-44 have lived with unmarried partners at some point. Additionally, according to census data 7% of adult couples living together are unmarried, totaling around 17 million people. In a recent episode of our Wealth Matters radio show, Gaslowitz […]
Being an executor or administrator of an estate means you must make sure that all of the money and assets are distributed properly to the beneficiaries involved. If you are unable to find one of the beneficiaries, you should take steps to ensure you are not held liable for whatever benefits they were entitled to. […]
Executors are the individuals responsible for dealing with the probate court, paying outstanding debts, collecting assets, and distributing the estate to beneficiaries after someone has passed away. After being appointed, the executor has a legal duty to follow the deceased’s instructions in the will and fulfill their responsibilities in an appropriate manner. Unfortunately, some executors […]
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