In today’s digital world, we create an enormous amount of personal, financial and electronic information over the course of our lives, and the relevance of this information does not end at death. When the person nominated as your personal representative (formally...
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Posts for 'Estate & Trust Administration'
Meet Brendan McGrory
Brendan McGrory is an attorney in the Private Client Services practice, specializing in estate planning, business succession and wealth transfer. While many attorneys are drawn to the logic of the law, Brendan’s path was guided by a love for writing and a desire to...
What is an in terrorem clause? Its Importance in Estate Planning
Thinking of including your grandchildren in your estate plan? Discover key strategies and considerations, from tax implications to trusts, to help you achieve your estate planning goals.
Whiskers and Trusts: How a Pet Trust Secures Your Furry Friend’s Future
The majority of United States households include a pet, whether that pet is a dog, cat, fish, or some other animal companion. According to Forbes, 66% of US households own a pet, with the average expenses for dog ownership being around $1,500 annually.[1] During the...
Late and Limited Probate: Considerations When Real Estate Is the Sole Asset
When a person dies, the process for probating the decedent’s estate typically must be started within three (3) years after their death. If the decedent died on or after March 31, 2012, and more than three years have passed, a probate proceeding known as a “late and...
Is Your Last Will and Testament Current?
A Last Will and Testament is an essential document for an estate plan; however, many people delay in executing one due to common misunderstandings. A Last Will and Testament is a way to make sure your belongings and wishes are handled the way you want, even if you are...
Meet Marjory Selig
Marjory Selig grew up in New Jersey, attended Brown University for undergraduate studies, earned her JD from UConn and passed the bar in Massachusetts, New York and Missouri. After graduating from Brown, she and her then boyfriend (now husband) moved to LA to launch...
Meet Michael Cosentino
Michael Cosentino was going to be a doctor, at least until he realized he couldn’t stand the sight of blood. And he didn’t like exams either, which he’d need to go to med school. There was no arguing, no quibbling, no creativity with multiple choice and he was never...
Relief from IRS: Portability of Lifetime Tax Exemption Extended
There is good news for those who may have missed a federal portability election. The Internal Revenue Service (IRS) has extended the deadline for electing portability of a deceased individual’s unused estate tax exclusion amount. Effective July 8, 2022, the deadline...
Should I Select a Family Member to Serve as Trustee?
One of the most important decisions a client will be faced with during the estate planning process is whom to nominate to serve as trustee of his or her trust. The trustee will control the manner in which trust assets are used to support the beneficiaries of the trust...
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