A “guardian of the property” is responsible for managing the financial affairs of the ward. A court-appointed guardian cannot simply walk away or be “fired” by the ward. Although the procedure for ending this arrangement or replacing the guardian depends on the reason being asserted, approval by the court is required. The most common reasons are listed below.
Talking about a will is one of the most important, but also one of the most overlooked, things that married couples can do to protect their assets and provide for their family’s future. While many couples delay in having these discussions, the reality is that it is never too soon to plan for life’s biggest “what if.”
We help couples of […]
In a recent article by Suze Orman, she wrote that almost everyone needs a trust and revocable trusts are the way to go. The reality is that how you title your property and finances determine whether a trust is appropriate for you.
What I do as an attorney is review with my clients their assets and what they want to happen to those assets after they pass. That is an estate plan. It is simply […]
Wills are drafted to last as long as you have no significant changes in your life or in your wishes.
You should review your will annually to ensure that you still want the people you have appointed as personal representatives, trustees and/or guardians, and that your existing property will still go to the people you had intended and in the manner you had intended.
This means that you may also need to review your beneficiary designations on […]
Your beneficiary is a person or entity (like a charity) who will get assets from you or your estate. They could be a beneficiary of an insurance policy, a trust you have established, or the property or money you leave behind (your estate) when you die. It is important to designate the people or entities you want to receive your assets. It’s also important to think about who would get those same assets if your […]