Estate Planning

Scenario: Your best friend has approached you with a request to administer their estate once they have passed away. This is a great honor and it’s natural to feel good that your friend believes you are the best person to take on such an important role. You may be...

One of the duties of the estate administrator is paying the estate’s debts. Surviving family members should know that they aren’t responsible to pay the debts of their loved one as long as they weren’t a responsible person on the account. There is a specific order...

You can establish a trust to handle your money for you, helping you meet qualifying limits and avoiding penalties after you pass. The two basic types of trusts you’re likely to encounter in your planning are revocable and irrevocable trusts, but one may offer a lot...