If a temporary administrator has failed to perform their duties properly, the court has the power to remove this person. Beneficiaries need to know that they have rights too. If a temporary administrator is not following the terms of the will, taking money that belongs to the estate or failing…
Many instances of estate planning disasters start when well-meaning people try to use a simple solution for what is ultimately a complicated problem. It’s better for all concerned to meet with an estate planning attorney who can present strategies that will achieve goals, rather than attempt a do-it-yourself plan that…
The unknown about spending in retirement is not just whether it will be higher or lower, but when during the course of retirement, you’ll be spending more or less. If you downsize, housing costs will decrease, but if you travel more, recreational spending will rise. According to a recent article…
The succession plan works for your business in the same way an estate plan works for your personal life. It protects the business, outlining your wishes and plans for it to continue, or sets up a means of passing it to the next owners, whether they are family members or…
Veterans who qualify for both the Post 9/11 GI Bill program and the older Montgomery GI bill may have access to expanded veterans education benefits. It all hinges on a recent federal court decision and a possible appeal by VA officials. Tens of thousands of veterans could be impacted, if…
Leaving the workplace behind and heading into retirement can be as much an emotional transition, as it is financial. The prospect of fulfilling dreams long deferred, while recognizing a milestone of aging can take time to work through. At the same time, there are time-sensitive tasks that need doing. During…
The durable power of attorney is a means of naming a person who can represent another in all legal and financial matters, while they are alive and well, as well as when they are incapacitated. It is a legal document that needs careful consideration. The power of attorney gives a…
At last, you’ve completed your estate documents, including retitling assets and checking beneficiary designations. The only question left is, where should they be stored? The answer is not that simple. Do you know where your estate plan documents are? Many people ask their estate planning attorneys to hold onto their…
Contesting a will is not for the faint of heart, but this is the process that lets a person legally challenge a will. When there’s a will, there’s a way to challenge it, known as a “will contest.” If someone dies and they had a will, their estate goes through…
While it’s possible for people to manage some parts of their loved one’s estate, very often the tasks feel overwhelming. When getting assets out of probate becomes too much of a challenge, it’s time for help. There are instances when an executor knows they need to hire an attorney who…