As the personal representative what kind of things do I need to think about before I settle my friend’s estate? Estates vary widely, but basically you have to focus on three areas – taxes and administrative expenses, final bills of the decedent and distributions. Very few estates have to pay federal or South Carolina estate…
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I have a grandson that stands to inherit a lot of money by the time he turns 18.
I think that is too young to have access to hundreds of thousands of dollars. Since he is my potential heir as well, will a trust help me from contributing...Read more -
I am planning to travel abroad with friends, not family. I have a living will and a health care power of attorney naming my daughter as my agent. Are these documents still valid in another country?
Probably your health care power of attorney (hereinafter HCPOA) will be valid, but it may be difficult to reach your agent. I suggest you name a traveling companion as a...Read more -
Does a revocable trust replace a will? Do all assets have to go into the revocable trust? And how much do trustees typically get paid?
Living or revocable trusts are effective estate planning tools that can avoid the hassle and cost of probate and ease the transition of assets after the death of a grantor....Read more
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