As an estate planning attorney, you play a crucial role in helping clients organize their assets and make plans for their distribution after death. However, even the most meticulous estate plans can become the subject of disputes. In such situations, your clients may need the assistance of a fiduciary litigation firm to assist them in resolving […]
If losing a loved one wasn’t challenging enough, it may also force upon you a host of legal and financial obligations if you’re the deceased’s next of kin. Knowing your rights and responsibilities as next of kin can help you guide your family through this difficult time. What is Next of Kin? Next of kin […]
If you’ve been made the beneficiary of a will or trust, then you’re set to receive inheritance in the form of cash or other types of assets. However, an insolvent estate may put your inheritance at risk. In this blog, we’re going to discuss estate insolvency and whether or not there’s anything you can do […]
Transferring the value of a business to the next generation of family members can be a complex and highly-sensitive process, especially when some children work in the business while others do not. You may want to balance fairness and family harmony with ensuring that business can be successful in the future. Striking this balance requires […]
Losing a loved one is one of the most challenging experiences any person will go through. In the aftermath of such a loss, families often find themselves grappling with the overwhelming task of going through the deceased’s personal belongings and deciding who gets to keep every item of sentimental value. This can add even more […]
If you are the child of a baby boomer, the stress of providing long-term care for your parents as they age may feel overwhelming. Older adults often require caregiving essentials, including medication, housing, adult day care, and special mobility accommodations among other things. This process may be further complicated if you split the costs between […]
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. […]
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 […]
Trusts are powerful estate planning tools, as they provide specific management instructions for assets and wealth. Trusts can be revocable or irrevocable, the main difference being that revocable trusts are more easily altered while the grantor is alive. To modify an irrevocable trust, court permission is usually required. What is the Difference Between a Revocable […]
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Gaslowitz Frankel LLC
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