When a loved one passes away owning securities, there are steps that the personal representative and/or the trustee of the decedent’s trust should immediately take to minimize investment risk during the estate administration. In today’s column I’m going to review these basic concepts. Most folks own securities in some form or another. They may own
Take this true story where a lady named Helen made a 1996 will that left her entire estate to her brother Edward, also naming Edward as the personal representative (executor). In 2001 Helen, who was a Florida resident, became sick and her brother traveled from his home in New Jersey several times to take care
This podcast provides the beneficiaries of the estate or trust administration an idea as to the timeline before distribution will be made, including what to expect during the process.
“James”, a widower, sat in my office as we prepared his will together. “My sons don’t have the time or expertise to serve as my executor so I’d like to name my friend, Oliver in that role.” “So Oliver isn’t related to you?” I asked. “No,” James replied. “Where does Oliver live?” I asked. “In
Many revocable trusts continue on past the lifetime of the grantor to benefit a surviving spouse and children. A trust that continues on for a spouse may be known as a “marital,” “credit-shelter,” or “family trust,” and may be held solely for the spouse for her lifetime and then distribute to the children at her