Historically, Trustees retained full authority and liability for the administration of a trust. The Trustee was responsible for managing investments properly, making appropriate distributions pursuant to the terms, and ensuring the necessary reporting requirements, including the filing of taxes and…
Category: Senior Law News
The United States Supreme Court and Estate Planning
With the passing of United States Supreme Court Justice Ruth Bader Ginsburg this weekend, the Court is currently dominating the news and is therefore on the minds of many of us. Will Justice Ginsburg’s place on the bench be filled…
Gifting as an Estate Planning Tool – Is it Right For Me?
For many people, passing on money and property to their loved ones happens after they die. However, if you have a sizeable estate you may not want to wait until then to give your heirs their inheritance. Under the current…
Dangerous Drugs and Dementia
A recent report published in the Journal of American Medical Association reveals that a significant number of dementia patients have been prescribed psychiatric drugs which are risky in older adults. The study indicates that almost 75% of older adult dementia…
The Continuum of Care
As people age, there are several types of care that they may need in order to allow them to maintain the highest quality of life possible. Depending on which type of care you or a loved one may need, there…
2020 Shows the Importance of Including a Charity In Your Estate Plans
The coronavirus pandemic is severely impacting nonprofit organizations. In June, the Independent Sector released results of a nationwide survey of large and mid-size nonprofits. Among the results: 83% of those surveyed reported a decline in revenue and 71% said they…
Do You Need to Qualify on an Estate to Transfer Ownership in Real Property?
If you have bought or sold a home, you are probably aware that ownership interest in real property is conveyed by deeds. Deeds are legal documents used in real estate that transfer ownership of real property from a grantor (seller)…
What is a Trust Anyway?
When people are discussing their estate plans, many arrive with a preconceived notion that they need a “trust.” In some circumstances the reasoning behind this is simply because a trusted friend or advisor has said so. In some cases, the…
Tax Changes are Coming. Is Your Estate Plan Ready?
Although none of us can predict the future, the current state of the American economy and American politics lead many to believe that tax increases are headed our way, many of which affect our legacies. Even if our economy begins…
