Anyone creating an Estate Plan wants to ensure that the plan will work as intended and will withstand legal challenges. Sometimes though, a legal challenge is necessary to ensure that the Estate Plan reflects the true intent of the decedent is carried out and that the fiduciaries act in accordance with their duties. This article examines the most common ways that litigation arises in the Trusts and Estates arena. Read on to learn more. … [Read more...] about Let’s Talk Litigation
Understanding the Interplay of State Estate and Inheritance Taxes with Federal Estate Tax
When individuals consider estate planning, they often look to federal law to determine the potential tax ramifications for their estate and beneficiaries. Some may neglect to consider the impact of state estate taxes which vary widely from state to state. Read on to learn more. … [Read more...] about Understanding the Interplay of State Estate and Inheritance Taxes with Federal Estate Tax
Guide to Life Insurance and Your Estate Plan
Throughout the course of your adult life, you will likely make numerous changes and revisions to your estate plan. Life insurance will likely be a part of that plan; however, the role it will play may change considerably over the years. Having a clear understanding of how life insurance works, what types of life insurance are available, and the different goals life insurance can help you reach within your estate plan are all critical to making the most of your estate plan. Toward that end, the … [Read more...] about Guide to Life Insurance and Your Estate Plan
New Hampshire Guide to Elder Abuse and Neglect
Whether it is a parent, grandparent, or just a neighbor, you likely have an older person in your life that you worry about and who you feel is particularly vulnerable. Sadly, you have good cause to be worried that your elderly loved one will become the victim of elder abuse or neglect given that at least one in ten elderly individuals will be abused or neglected each year. Because knowledge is power, the attorneys at Legacy Care Law Firm have prepared a New Hampshire guide to elder abuse and … [Read more...] about New Hampshire Guide to Elder Abuse and Neglect
How to Choose Your Massachusetts Trustee
While almost everyone executes a Last Will and Testament as their first estate planning document, the average estate plan eventually includes additional tools and strategies aimed at creating a more comprehensive estate plan. A trust agreement is one of the most common of those additional tools. If you decide to incorporate a trust into your estate plan, you will need to choose a Trustee to administer that trust. Choosing the wrong Trustee can dramatically increase the likelihood of problems … [Read more...] about How to Choose Your Massachusetts Trustee
New Hampshire Guide to Choosing the Right Long-Term Care Facility
The thought of putting a parent (or any older loved one) in a nursing home is rarely a happy thought. Making the decision to do so is equally unsettling. If you have given the matter sufficient contemplation, however, and decided that it is the only and best option, then you should turn your attention to picking the best nursing home. Toward that end, the attorneys at Legacy Care Law Firm put together a New Hampshire guide to choosing the right nursing home. What You Need to Know about Elder … [Read more...] about New Hampshire Guide to Choosing the Right Long-Term Care Facility
Exploring the Many Issues Surrounding the Estate and Trust of Richard Blum – Part III
Every state that recognizes trusts as a legal entity imposes fiduciary duties upon the Trustee of such trust. These duties may have different names in different jurisdictions, but ultimately a breach of fiduciary duties means that the Trustee has failed to do what is required of them under the terms of the trust instrument and local law. This third and final part of a three-part series examines a case ripped from the headlines that highlights what happens when plans go awry. Read on to learn … [Read more...] about Exploring the Many Issues Surrounding the Estate and Trust of Richard Blum – Part III
Exploring the Many Issues Surrounding the Estate and Trust of Richard Blum – Part II
Every state that recognizes trusts as a legal entity imposes fiduciary duties upon the Trustee of such trust. These duties may have different names in different jurisdictions, but ultimately a breach of fiduciary duties means that the Trustee has failed to do what is required of them under the terms of the trust instrument and local law. This second part of a three-part series examines a case ripped from the headlines that highlights what happens when plans go awry. Read on to learn more. … [Read more...] about Exploring the Many Issues Surrounding the Estate and Trust of Richard Blum – Part II
Exploring the Many Issues Surrounding the Estate and Trust of Richard Blum – Part I
Every state that recognizes trusts as a legal entity imposes fiduciary duties upon the Trustee of such trust. These duties may have different names in different jurisdictions, but ultimately a breach of fiduciary duties means that the Trustee has failed to do what is required of them under the terms of the trust instrument and local law. This first part of a three-part series examines a case ripped from the headlines that highlights the various Trustee duties. Read on to learn more. … [Read more...] about Exploring the Many Issues Surrounding the Estate and Trust of Richard Blum – Part I
National Make-a-Will Month
Although many Estate Plans have a Revocable Trust as the foundation for the plan, Wills play an important role in a comprehensive Estate Plan. Alarmingly, most Americans don’t have a Will even though they know it’s important. As National Make-a-Will month comes to a close, let’s explore the often overlooked and neglected Estate Planning document, the Will. Read on to learn more. … [Read more...] about National Make-a-Will Month
