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Estate planning is complex when dealing with family members living outside the United States. An individual cannot leave their financial affairs until the last minute, as the tax codes and estate planning laws vary across the globe. Ignoring key planning...
When choosing an executor for your estate, you may lean toward a family member above all else. After all, who knows you better than your family? Unfortunately, a familiarity with you is not the only skill that an executor needs, though. In fact, your executor needs a...
An estate plan involves many different parts, such as advanced medical directives, establishing power of attorney, creating a will and more. Due to the many moving parts, it is easy to accidentally overlook certain aspects of an estate plan. What sort of oversights...
Estate administration can be complex. Here is some information on estate administrators. Specifically, here is who can be one and what they do. Must the administrator be a legal representative? The administrator does not have to be a legal representative. However, the...
As most people age, they have a greater need for more involved care. Of course, the exact level of care needed differs from person to person. However, many will eventually want to look into options for long-term care facilities. What indicates a good care facility?...
If friends and family see you as competent and honest, they could reach out to you to serve as an executor of an estate. While this position has a certain level of prestige, you should carefully consider all aspects of the job. Depending on the situation, you might...
The Boston area has old and beautiful architecture, with some homes dating back to the 1800s. While you may feel tempted to buy one of these properties, it is important to know that older homes always come with extra problems. Psychologically impacted properties The...
When you begin estate planning, you may not consider the risk of a family member contesting your will and sending your entire family through a lengthy and contentious probate process. It is important to recognize this possibility and understand the most common reasons...
The real estate market in the United States can be a great way for a foreign investor to get into the country and cash in. There are many people taking advantage of this opportunity. The National Association of Realtors created the 2022 Profile of International...
If a loved one dies without a will, the estate will go through a process called administration. The court will step in to handle important aspects, such as appointing someone to be in charge of distributing assets. You can file for administration if you are the...