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Am I Obligated To Set Up A Trust Fund For Me & My Husband’s Child?
My spouse, who has Stage 4 Terminal Cancer, made a Will, but no Trust. The Will states 70% of assets go to me and 30% go to our child. However, my husband owns no property (we rent our home). Am I obligated to set up a Trust Fund for me and my husband's child (our...
Options Abound With Out-of-State Trusts
If you have a family trust—or are considering creating a family trust—to protect your assets you may want to ask your attorney about creating an out of state trust. It’s a grantor’s market (so to speak) and creating a trust these days doesn’t mean you have to simply...
How To Choose Your Executor or Personal Representative
Serving as someone’s executor or personal representative is a HUGE job, and not for the faint of heart. Although it is commonly considered an honor, there is a lot of work involved, and an executor must have a great capacity for organization, attention to detail,...
How Do I Begin The Process Of Removing My Sister As Executor Of My Mom’s Estate?
My sister is stubbornly withholding my inheritance out of spite and won't answer emails or phone calls. Everybody in the family has received their inheritance except me. How do I start this process? I was told to find the necessary forms at the law library. Are there...
World Elder Abuse Awareness Day is June 15
As we age we become vulnerable. We begin to doubt our memories, our bodies are not as reliable as they used to be, and technological advances outstrip our abilities to keep up with them. With this vulnerability comes the opportunity for abuse. Unfortunately, elder...
What Will Happen If You Don’t Probate A Will In New York?
If I don't probate my dad's will is there a penalty in New York? I do not practice in NY, however I will answer your question under general law. There are no penalties that I know of, if you do not probate a will. The real question is whether or not you will be able...
Money and Marriage: How to Have a Successful Business Partnership with your Spouse
If you and your spouse complement each other, work well together, and support each other, does it makes sense to go into business together? Can you effectively be partners in marriage, partners in parenting, and partners in business? Although it may not be easy, many...
Ensure that Your Retirement Savings Goes to the Right People
Do you know how your retirement plan fits into your estate plan? Ideally you would never have to worry about this; you would spend the last penny of your savings on the day you die. But life rarely works out according to ideal circumstances, and the reality is that...
Executor Of Estate in Ohio Failed To Distribute Funds To Personal Beneficiaries After 3-4 Years
Executor was given possession of funds and has gone into "hiding." In process of having him removed as executor, but what legal recourse do the other beneficiaries have if the money is gone? What and how can charges be brought against this individual? Your question is...
How to Find the Perfect Senior Living Arrangement
When it comes to living arrangements, senior citizens have far more options available to them today than they ever have in the past: independent retirement communities, assisted independent communities, at-home assisted living, at-home nursing care, live-in nursing...
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