As you age, your financial situation may change and you may have to make a decision that can be tough. But it can also be a relief to take a step back from the pressures of financial tasks so you can live with less stress. While no senior wants to lose their independence, it’s okay to get help especially when
California Court Accounting: What is Included?
When someone passes away without setting up a trust or only has a will, it is sometimes difficult to determine how their property will be distributed. In California, court accounting is required by the state if the decedent’s estate falls under either of these conditions: assets are not co-owned with another person or if the total dollar value of assets
What is the Difference Between a Trustee and Executor?
After a person passes away, executors and trustees take on critical responsibilities. While both titles handle the management and distribution of assets, they have different roles and responsibilities. In short, the executor is in charge of the entire estate of the deceased, and the trustee is responsible for overseeing trust assets. Learn more information about each of these titles and
Buying or Selling Real Estate? It’s Time To Talk To Your Estate Planning Attorney
Right now, the real estate market is booming, with people buying and selling left and right. If you are getting …
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Get Your Financial House In Order!
As tax season comes to a close and that itch for spring cleaning comes back, it is time to get …
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What are the Responsibilities of a Professional Fiduciary?
At some point in your life, you may decide that you need a fiduciary to handle your affairs. This can happen at any time and any age. You are free to appoint someone you trust to fulfill this duty. Depending on your situation, you may even choose to appoint a professional fiduciary to take on this role. Discover what a
California Trust Accounting: What Documents are Needed?
When it comes to trust accounting, trustees are the people responsible for fulfilling this duty. In the Golden State, trustees are required to have an accurate account of a trust for beneficiaries yearly and if requested. Get the basics of trust accounting in California, find out what documents you will need, and understand when you will need trust accounting.
Tax Scams to Watch Out For Post Tax Season
Tax season is a busy time of year for adults. When it comes to your finances, you want to be certain that you are filing your taxes each year and correctly. Throughout tax season, you may have received notifications or letters letting you know that something went wrong. With fraudsters getting more clever, it’s hard to tell what’s real and
Can a Trustee Withdraw Money From an Irrevocable Trust?
As part of the estate planning process, you set up a trust to ensure assets go where you would like them to. This legal document takes time and effort to create but makes financial matters easier to understand. Trustees are the individuals responsible for managing and withdrawing funds from your trust. But when can they withdraw money from a trust?
What Does a Financial Power of Attorney Do?
A power of attorney is a great responsibility to bestow. While there are different types of power of attorney (POA), a financial POA handles a principal’s financial affairs. Whether you are researching for yourself or someone else, it’s best to start with the basics. Learn the roles within a POA agreement, as well as the responsibilities of a financial power