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
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
Dear Attorney: Why Didn’t You Tell Me Sooner That Auntie Died – And Where’s My Inheritance Check Already?
You can’t make this stuff up. I received a letter just this week that said, in essence “Why didn’t you tell me sooner that my aunt died – and why haven’t I received my inheritance check yet?” I almost forwarded a reply that read, “Dear Nephew – You should be ashamed of yourself that you
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
May include both ongoing and necessary income distributions to the surviving spouse (if applicable) and/or other beneficiaries during the course of the administration. The distribution of specific bequests, including tangible personal property, and ultimate distribution of the estate/trust to the beneficiaries and/or establishment of continuing trusts for their benefit.