by Edward TerzianWhat is the Role of A Will and Testament Executor
The role of a will and testament executor is pivotal in the execution of a deceased individual’s final wishes. Acting as the personal representative of the deceased, the executor is entrusted with several significant responsibilities to ensure the orderly distribution of assets and the fulfillment of obligations. Here’s a closer look at the key aspects of their role: a. Asset...
by Edward TerzianWhat is a will and testament executor
1. Introduction – Brief overview of what a will and testament executor is. – Importance of selecting the right executor. 2. What is a Will and Testament Executor? – Definition and legal role of an executor. – Responsibilities and duties of an executor. 3. Choosing an Executor – Factors to consider when selecting an executor. – Legal...
by Edward TerzianUnderstanding the Role of a Probate Attorney
When a loved one passes away, navigating the legal process of distributing their assets and settling their debts can be overwhelming. This is where a probate attorney comes in. Probate attorneys specialize in the legal procedures involved in administering the estate of a deceased person. In this article, we’ll explore the role of a probate attorney, the services they provide, and why...
by Edward TerzianThe No Contest Clause | Understanding its Implications
The no-contest clause can be a fundamental element of any estate document, depending on the intentions of the Settlor. A no-contest clause is a legal provision designed to protect the Executor from being challenged in court by family members or other beneficiaries who may disagree with the decisions made by the Executor. It also serves as a deterrent to potential challengers, as these clauses...
by Edward TerzianGuidance for Trustees | Expert Advice from Inheritance Recovery
Trustees are legally responsible for managing Trust assets in accordance with the Trust’s terms and conditions and must provide regular accountings to the beneficiaries to show how the assets have been managed. While keeping beneficiaries and heirs informed about all movement of assets are within the scope of the Trustee’s fiduciary duties, these duties can be breached, especially when a Trust...
by Edward TerzianReal Property Issues | Inheritance Recovery Attorneys
Real property is the most common and valuable asset protected within an estate, especially in California. Generational property retention, and thus the passing of property between heirs, is how familial wealth is commonly established and preserved today. While it is undoubtedly a significant privilege to receive a home as an inheritance, it can also be a complicated and intricate process, as...
by Edward TerzianLet’s Discuss Your Will & Trust
The death of a loved one can be difficult for anyone, and if you are left wondering what is in their will or trust, it can exacerbate a strenuous circumstance. Obtaining a copy of a will or trust from a living parent or family member can be a delicate matter, but it is important to ensure that you are prepared for any eventuality. Step 1: Start the Conversation If you are considering asking...
by Edward TerzianFinancial Elder Abuse | Protecting Seniors’ Rights
Financial elder abuse is a growing problem in our society, affecting vulnerable older adults who are often targeted by scammers and unscrupulous individuals. In many cases, this abuse occurs within the context of Trust litigation, where family members or other beneficiaries may dispute the management or distribution of assets held in trust. Understanding the dynamics of financial elder abuse...
by Edward TerzianDistribution of Inheritance
How an inheritance is distributed to heirs and beneficiaries is at the complete discretion of the Settlor. Settlors not only decide to whom they wish to leave their assets but also may control the manner and method in which it is distributed to the beneficiaries. Within the instruments of a Trust, a Settlor discloses every detail and instruction on how the inheritance should be distributed,...
by Edward Terzian