Russ Cook & Associates, PC

Probate Archives

Study reveals gaps in parents' plans for special needs children

Every parent has a lot to worry about when it comes to their children, whether it's their health and nutrition or their ambitions for the future. In all this congestion of concern, it can be easy to overlook certain planning tools that can provide critical safety nets, like estate plans.

3 critical mistakes to avoid when setting up a trust

Estate planning is an area of law where people can easily get confused and overwhelmed. Add to this the fact that it can involve uncomfortable subject matter, and it can prove to be a much more challenging process than people anticipate. However, all this is not to say you should ignore or minimize the importance of having a comprehensive estate plan in place.

Do I need a pour-over will?

Creating a revocable living trust can be a very wise decision for people who want to achieve certain goals with their estate plans. For instance, if you want to avoid probate and prioritize your privacy, and if you want to continue to manage and control the assets in the trust yourself, then creating a revocable living trust can be prudent.

When might you need to challenge the administration of an estate?

After someone passes away, his or her estate must be settled. This requires distributing personal belongings, contacting heirs, filing paperwork and ensuring his or her wishes are respected, which are all tasks overseen or handled by the estate administrator.

When selecting an executor, think about your beneficiaries

In a recent post, we discussed some of the roles and responsibilities that an estate administrator or executor will typically have. In that post, which can be read here, we noted that one of the primary functions this person will serve is to manage relationships with beneficiaries and ensure the decedent's wishes are fulfilled.

What does an estate administrator do?

Losing a spouse, parent, child or other family member can be one of the most difficult events in a person's life. Not only are you likely experiencing grief and overwhelming loss, but you may also have to navigate the legal system as the executor or estate administrator. 

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