"What Happens to Tangible Personal Property When Settling an Estate?" by Attorney Colleen Sinclair Prosser An important part of the process of settling an estate is to consider the decedent’s tangible personal property, i.e. furniture, jewelry, china, crystal, artwork, electronics, and vehicles. The first duty of the representative of the estate is to obtain an appraisal of these items. The … [Read more...] about What Happens to Tangible Personal Property when Settling an Estate?
Helping You Cope with a Loved One’s Death
"Helping You Cope with a Loved Ones Death" by Attorney Victor A. Lembo (Audio) Coping with death can be devastating when a close family member or friend dies-- and unfortunately, there is a lot of technical legal and financial issues to deal with, as well as the emotional ramifications of your loss. While there's nothing we can do to alleviate the sadness you feel about losing your loved … [Read more...] about Helping You Cope with a Loved One’s Death
Paying Decedent’s Expenses
"Paying Decedents Expenses" by Attorney Colleen Sinclair Prosser (audio) One of the concerns I often hear when meeting with families after a loved one has passed away is how to pay the decedent’s expenses and debts. If you pay for a loved one’s funeral and debts and there are no assets in the probate estate, then you may not get reimbursed for these out of pocket expenses. Let me give you … [Read more...] about Paying Decedent’s Expenses
Executor Management of Estate Assets
"What Do Executors Need to Know about Managing Estate Assets?" by Attorney Victor A. Lembo (Audio) When you make a Last Will and Testament, you need to consider who you want to serve as the executor, or personal representative, of your estate. The executor will be responsible not only for seeing your Will through the probate process, but also managing your assets. As the probate process may … [Read more...] about Executor Management of Estate Assets
Should I Agree to Be a Trust Administrator?
"Should I Agree to Be a Trust Administrator?" by Attorney Victor A. Lembo Trust administration can be a complicated process which places demands upon the trust administrator. If you are asked to serve as a trustee, you should be aware that you may become responsible for trust administration after death. In this position, there are many fiduciary obligations to fulfill. Should You Agree to be … [Read more...] about Should I Agree to Be a Trust Administrator?
How Trust Administration Works Better Than Probate
Trust administration occurs when a person has created a trust as part of an estate plan and the trust creator passes away. Assets held in the trust transfer through trust administration, rather than transferring through the probate process, and the steps involved in facilitating the transfer of trust assets are very different than in probate. In Maryland, trust administration has advantages … [Read more...] about How Trust Administration Works Better Than Probate
How Trust Administration Works Better Than Probate (Audio)
"How Trust Administration Works Better Than Probate" by Attorney Victor A. Lembo … [Read more...] about How Trust Administration Works Better Than Probate (Audio)
Can I Be Disinherited From An Estate? (Audio)
"Can I Be Disinherited From An Estate?" bu Attorney Victor A. Lembo … [Read more...] about Can I Be Disinherited From An Estate? (Audio)
What Does It Mean To Die Intestate? (Audio)
"What Does It Mean To Die Intestate?" by Attorney Colleen Sinclair Prosser … [Read more...] about What Does It Mean To Die Intestate? (Audio)
Identity Theft and Protecting the Deceased
Everywhere we look today, there are reports of stolen identities and fraudulent usage of personal identifying information. We have protected passwords, technology firewalls, credit card chips, and even clothing and wallets to lessen the potential to become a victim. When a loved one dies, they maintain an identity in that the estate owns assets, files taxes and receives benefits. If settling an … [Read more...] about Identity Theft and Protecting the Deceased
