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This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

Your Deceased Spouse’s Trust

I believe everyone would agree that surviving your spouse can be a traumatic experience. My mother passed away this year after being married to my father for 54 years. He’s obviously going through a tough time, as I’m sure many readers can commiserate. But when you lose a spouse who had a revocable trust, remember

Death & Debts – Five Things Surviving Family Members Need to Know

When a loved one dies, the last thing family members want to do is field calls from debt collectors. If you are the personal representative (executor) of the estate or trustee of your love one’s revocable trust, chances are you will have to deal with your loved one’s debts and creditors. But is it your

What is a Trust Administration?

There’s much confusion for family members when a loved one dies with a revocable trust. Often they believe that the successor trustee can simply wrap things up and distribute the trust assets right away. That’s not the case. When all or some part of the decedent’s assets are held in a revocable trust at the

What to Bring to Your Attorney When a Loved One Dies

It’s always a difficult time when you lose a loved one. Usually, one of the first places one visits will be the lawyer’s office who drew the will or trust. The will or trust isn’t usually read to a gathering of family “Hollywood style.” Rather, the lawyer discusses the administrative steps that the personal representative

Posthumous Gifts, Transfers & Payments

A few months after the death of her mother, “Janice” continued to manage her mother’s trust as if she were still alive. “Mom used to give each of my kids $13,000 a year – which is tax free – so I thought I would continue that.” The problem is that once someone dies, the provisions

Do all Revocable Trusts Avoid Probate?

When you have a revocable trust, does that always mean that your estate will avoid the probate process when you die? You may be surprised to learn that the answer is “No”. Why is that? First, let’s review what the probate process is. Many people think that “probate” means “taxes”. Probate is not a tax.

Letters of Retention

An often misunderstood concept under trust and estate administration centers on “letters of retention.” Letters of retention are common where beneficiaries of a trust direct a trustee not to sell something that the trust holds. An example would be where Dad, during his lifetime, worked for a publicly traded company, and accrued a lot of

Family Travel Expenses

A common question that I’m asked involves which expenses the estate can and should pay when a loved one dies. The question sounds something like this: “Craig, my father just died and I’m his personal representative. I’m flying in my wife and children, my sister and her family are all coming too. Can I pay

Mortgage Deficiency Judgments Against an Estate

If someone dies when their home, residence or other mortgaged property is “under water”, what should the personal representative of the estate do? Should they continue to make the payments on the property to keep it current until it sells? What happens if the sales proceeds are not enough to cover the mortgage note? Should