Adapted from ElderCounsel There are many good people in the world. Some strangers would give you the shirt off their backs. Many folks volunteer their time to help others in need. Especially in our tumultuous times, it is important to be kind and generous to our...
What is the Problem? Your 401Ks, IRAs, bank accounts, CDs, and other money saving tools usually require you to designate a beneficiary for the time when you pass away. These are sometimes called PODs or TODs. That means Pass on Death or Transfer on Death. Accounts and...
What is Probate? Probate is the legal settlement of someone’s money and property, known as their estate, after they have passed away. The court will begin the process by validating the will if there is one. Then the court will divide your estate to your creditors,...
We crave fast and simple in our ever complicated culture. We miss the days of Mayberry. However, Aunt Bea probably said herself, ‘nothing good ever comes quickly or easily.’ Or, ‘if you don’t have time to do it right, do you have time to do it twice?’ As irritating as...
The trustee is the person responsible for the management of a trust. He or she has a duty of loyalty, known as a fiduciary responsibility, for the beneficiaries of the trust. This places a legally enforceable standard of care on the trustee. The trustee must Protect...
The Child Whether 2 or 82 years old, your child’s welfare is a major concern for you. Your special needs child may be able to maintain gainful employment, but they may not be able to live independently. You want to make sure that they are taken care of for the rest of...