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 stock [...]
I wish you and yours a Happy Thanksgiving and thank you very much for following my column over the years. In the spirit of this week’s holiday, allow me to list some of the things that I am grateful for:
I’m grateful for this column – I appreciate Lorin Arundel & Ken Rasi and all of [...]
From time to time I field calls in my office from a son, daughter or other loved one who tells me that they fear their elderly relative (mom, dad, uncle or aunt) is being taken advantage of.
Usually the accused is another relative (sister, brother, cousin) who allegedly transferred assets for their own benefit and to [...]
A few weeks ago I wrote a column covering the unique ability that we all have to convert traditional IRAs into Roth IRAs providing a timeline that you can follow when working with your advisors. If you missed that article search my firm’s web site www.sbshlaw.com and click on “Family Legacy Blog” where you can [...]
Occasionally I am asked a basic estate planning question that I will review today, and that is the basic differences between estate planning with a will as opposed to estate planning with a revocable living trust.
First, let’s start off with the will. Many people wrongfully believe that if they have a will then their estate [...]