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Those who agree to become trustees or executors usually do so because they care about the decedent and their relatives. When allegations of misconduct such as breach of fiduciary duty arise, it can be extremely disheartening for them. In addition to feelings of...
Your family has always been careful about money, which is why your parents or grandparents set up a trust to provide for you and your siblings well into the future. So, what’s the problem? Well, you don’t trust the trustee. You feel like you have good reason to...
When a loved one passes away, their homeowners’ and auto insurance policies probably aren’t at the top of your list of concerns. Insurance companies understand that, which is why they typically give families 30 days to notify them of a policy holder’s death....
Your parent has spent the last year in a nursing home. They have become close with the care workers. You have met these individuals and generally liked them, feeling that they were doing a good job taking care of your parent in these final months of their life. Then...
Paying the deceased's creditors is a big part of an executor's responsibility. In fact, executors can end up with personal financial responsibility for any debts that go unpaid if creditors can show the estate had enough assets to pay them. If an estate does not have...
You inherited a loved one’s home, only to find out that the amount left on the mortgage is greater than the home’s current value. That’s what’s called being “upside-down” or “underwater” on the mortgage. Maybe your loved one didn’t intend for this to happen. They...