What Does it Mean to Be a Personal Representative? Being appointed as the personal representative, commonly known as the executor or administrator, of an estate is a position of significant responsibility and trust. Ultimately, the role demands integrity, clear communication, and a commitment to honoring the deceased’s legacy while ensuring the estate’s proper administration, which…
Starting an Estate Plan Creating a plan for your estate is an essential task. It creates a road map for your family and beneficiaries to follow, in the event of your passing, that is clear and legally binding. The scope of your estate plan should consider all assets, as well as your medical care and…
Business succession planning (i.e., an estate plan for your business) is a crucial component of personal estate planning that ensures a smooth transition of ownership and management of a business from one generation to the next. Succession planning involves the development of a comprehensive strategy to identify potential successors within the organization, as well as…
Estate planning goes hand-in-hand with probate. Probate serves to legally transfer your assets to your heirs. Estate planning ensures that your assets are transferred in the manner you decide. You maintain control as to who receives your property and in what shares. Working with an experienced attorney can enable you, in some cases, to reduce…
What happens to my pet after I die? Our estate planning attorneys help you answer that question, and give you the peace knowing that your pet will be well taken care of after you are gone. For many pet owners, their furry friends are not just animals but beloved family members. The thought of leaving…
If you own a home, business, or investments, there is a good chance that you will need a trust to protect your wealth. Because individual needs vary, it is almost impossible to approach trust creation from a one-size-fits-all perspective. Instead, your individual needs, personal goals, familial circumstances, and finances must be considered as a whole…
What is an NFT? An NFT is the acronym for Non-Fungible Tokes. A NFT is something that is one-of-a-kind. It is unique but unlike, say a work of art, you cannot touch it. It is actually a digital asset. JPG files, GIF files, and MP3 files all might be examples of NFTs. Why is owning…
What is Crypto? Cryptocurrency is, “a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.” Decentralized, meaning that it’s an organization controlled by several offices or authorities, rather than one single office of authority. How are Cryptocurrencies different from typical assets when…
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