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What Happens When the Second Parent Passes?

However, settling the second spouse's affairs was more complex, even with advance planning. Everything from wills to banking to tax returns became more complicated.

Posted on: October 24, 2023

Tasks to Be Done After a Loved One Passes

Even though the death of a loved one comes with unbearable grief, there are important tasks you must carry out as soon as you’re able.

Posted on: September 29, 2023

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How to Plan a Business Succession

A frequent complaint by next-generation members is that the senior generation never fully lets go of business tasks.

Posted on: January 30, 2023

How Do Special Needs Trusts Work?

A special needs trust (SNT) can help you provide financial security to your child after you die without leaving them ineligible for the government benefits that they need to sustain care.

Posted on: November 21, 2022

Do You Want to Be an Executor?

Only you know your capacity and willingness to serve, or the degree of need expressed by the person asking you. However, it should help to know first that if you do decide to accept, there can be help out there and second there are standard procedures and practices you can follow.

Posted on: July 14, 2022

What about House Contents when Someone Dies?

It is quite a tragedy when a loved one passes away. You may want to remember them by keeping sentimental objects from their home, or perhaps they wanted you to inherit a specific item.

Posted on: June 6, 2022

Does the Executor Control Bank Accounts?

Administration of a decedent’s estate may involve investment accounts (with stocks and bonds) held in the decedent’s name or trust.

Posted on: February 18, 2022

What Is the HEMS Standard?

The ‘HEMS’ (health, education, maintenance, support) standard in estate planning is used to guide trustees in how/when they should release funds to a beneficiary.

Posted on: February 8, 2022

Who Should I Name as Trustee?

You created your revocable living trust to hold your assets. You did so because of the probate avoidance and other benefits. You may have included sophisticated tax-planning provisions in your trust.

Posted on: December 21, 2021

Aging Parents and Blended Families Create Estate Planning Challenges

We have seen some step siblings able to all get along fine but they seem to be the exception. More likely, one sibling feels divided loyalty to the birth parent, not the step-parent.

Posted on: July 28, 2021

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