Category: Wills, Estates and Trusts
When a loved one passes away, how do you know if they had a Will? Many people – even those close to us – can be very “cloak and dagger”
Sometimes, very unfortunately, loved ones go missing. They may never return from a hunting trip, or a hike in the mountains. How can we deal with their assets?
An Executor/Administrator/Trustee (“Personal Representative”), must be ready at all times to account for the trust property.
When we do estate planning for clients with significant value in their estates, we often created spousal trusts for their spouse and separate trusts for each child.
A life estate is the ownership of property/land for the duration of a person's life.
This topic is substantial. This article only touches on one of the issues. Please note that there are potentially numerous tax issues on death and it is very important to