by Thomas K. Stone | Apr 12, 2018 | Blog |
Do I have to go to Court to be appointed Executor or Administrator of the estate? Yes. However, you can execute a Special Power of Attorney allowing the attorney for the estate to appear on your behalf. Can I pay bills right away? No. You can’t not pay bills until...
by Thomas K. Stone | Mar 28, 2018 | Blog |
We are in the beginning of the wedding season and while most couples may be more focused on dresses, tuxedos, venues, cakes, music and where to honeymoon, there is one important factor that may be overlooked: Estate Planning. There are several Estate Planning tools...
by Thomas K. Stone | Mar 20, 2018 | Blog |
78% of Millennials (under the age of 36) do not have a Last Will and Testament or Trust in place (Caring.com). While Millennials may take longer than their parents to reach certain milestones in their life such as marriage, children or the purchase of their first...
by Thomas K. Stone | Feb 28, 2018 | Blog |
1. Vacation Homes. If you leave your vacation home to your children in your Estate Plan, there is going to be a potential for problems. Conflicts can arise when one sibling lives farther away, earns less or wants to sell their share. One of the worst things to do...
by Thomas K. Stone | Feb 23, 2018 | Blog |
A person’s wishes and goals can change over time, as can important changes in the law. Therefore, periodic reviews (at least every 1 to 3 years or certain life events such as marriage, divorce or birth of children) of your Estate Plan are necessary to ensure it is up...
by Thomas K. Stone | Jan 31, 2018 | Blog |
There has been much discussion over the last several months of how the Republican and Trump administration tax plan would affect estate planning. During the negotiations, there were discussions about eliminating the federal estate tax altogether and whether or not the...
by Thomas K. Stone | Jan 22, 2018 | Blog |
Step 1 – Sign the back of the lottery ticket, because whoever turns in the winning lottery ticket is declared the winner. Therefore, by signing the back you secure yourself as the owner of the ticket. However, be sure to leave room above your signature in case...
by Thomas K. Stone | Dec 19, 2017 | Blog |
Administrator • A person appointed by the court to administer the assets and liabilities of a decedent. Executor • A person appointed by a testator to carry out the directions and requests in his Will, and to dispose of the property according to his testamentary...
by Thomas K. Stone | Dec 6, 2017 | Blog |
One of the classic holiday songs “12 Days of Christmas” states “my true love gave to me …” We all know the following verses “a partridge in a pear tree … two turtle doves … three French hens …” and so on. One gift you can give your loved ones is “peace of mind” by...
by Thomas K. Stone | Nov 17, 2017 | Blog |
How you title your assets is a very important component of your Estate Plan. Below are examples of how you can title your assets to coincide with your Estate Plan. Individual Name If you own property in your sole name, upon your death, this asset will become part of...
