by Howard C. Stross | Aug 14, 2015 | Estate Planning, Advance Directives, Probate, Trust Administration
Having a will in place gives many people a false sense of security. The sense of security comes from the belief that once a last will and testament is created, they can relax knowing that their intentions regarding distribution of their assets will be taken care of... by Howard C. Stross | Sep 29, 2014 | Trust Administration
Trust administration is the process where the successor trustee pays a deceased person’s taxes and debts and then transfers the remaining trust assets to the beneficiaries according to the instructions provided in the trust document. Unlike probate, there is no... by Howard C. Stross | Sep 9, 2013 | Trust Administration
A properly funded living trust or a financial power of attorney may be used to avoid guardianship. For healthcare decisions, you should have an advanced directive (also called a living will) and a healthcare power of attorney. A living will allows you to spell out... by Howard C. Stross | Sep 3, 2013 | Trust Administration
Former NFL quarterback, Steve McNair, did not have a will when he passed away. He left behind a wife and four children. Without any estate planning documents to give guidance, there could have been a conflict because two of the children were from a prior relationship.... by Howard C. Stross | Aug 26, 2013 | Trust Administration
The late actor Heath Ledger had a last will and testament. Unfortunately, he didn’t update it when his daughter, Matilda, was born. Because it was never updated, his last will and testament stated that his estate would go to his parents and siblings. The family... by Howard C. Stross | Feb 7, 2013 | Trust Administration
Next to having your living trust properly drafted, what is the most critical step in assuring your estate plan will actually work? It’s called “funding” your trust. While it is a funny sounding word, trust funding is not a laughing matter. You may have said to...
