5 Steps in the Trust Administration Process
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CategoriesTrust Administration
Administering a trust is a huge responsibility. Trust administrators have much on their plate and can often be overwhelmed by their to-do lists. It is no wonder that so many trust administrators make trust administration mistakes that expose them to... Read More →
How to Find the Right Probate Lawyer?
The courts are the next step in the inheritance process when an estate owner dies without a will or last testament. Getting the estate settled is a complex matter that can be very time-consuming and can prove challenging for many... Read More →
What Does A Business Litigation Lawyer Do?
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Business litigation encompasses several types of legal issues including fraud, shareholder oppression, zoning, land use disputes, partnership disputes, product liability, and violation of fiduciary duty. A business litigation lawyer represents businesses embroiled in legal disputes with other companies or individuals.... Read More →
An Overview of Different Types of Business Entity Types
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When launching your business, one of the first things you need to do is choose a business entity type. Choosing the right business entity type is important. The business entity type you choose will determine the amount of personal liability... Read More →
Are Trusts and Wills Interchangeable?
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Wills and trusts are estate planning tools. A trust is set up to provide legal protection to the creator’s assets. It allows the Trustee appointed by the creator to take major investment, healthcare, and other decisions on behalf of the... Read More →
Unmarried & Living with Your Partner? You Still Need an Estate Plan
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Many people think estate planning is only for married couples. This is one of the most common estate planning misconceptions. Contrary to popular belief, estate planning is particularly important for unmarried couples. If you are in a relationship with a... Read More →
The Difference Between a Trustee and an Executor
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Even though trustees and executors have similar duties in that they are responsible for managing estate assets and distributing them among the beneficiaries, the nature of their jobs is different. Many testators appoint the same person as the trustee and... Read More →
Trust Administration – The Secret Sauce
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A trust is a legal, fiduciary arrangement that allows a person to hold and direct assets held in the trust. A trust can be set up under a trust agreement executed during the creator’s lifetime or can be created using... Read More →
How To Protect Your Business Assets?
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As a business owner, you might be well aware that running and managing a company has its own set of difficulties and risks. It’s not enough to simply make a profit, you also need to protect your firm against claims... Read More →
Trust and Estate Administration FAQs
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A trust is a fiduciary agreement and is part of a larger estate plan. A trust is often used as a tool to minimize taxes and protect assets. If the creator goes bankrupt, creditors cannot make claims on the assets... Read More →