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Recent Posts in Trust Administration Category

Are Trust Protectors a Good Idea?

While they are still a relatively new concept in the United States, trust protectors have been used for many years when designing overseas trust documents. In effect, a protector was appointed to ...
Continue reading "Are Trust Protectors a Good Idea?" »

Back Up Plans: What if a Trustee Becomes Incapacitated

Trusts are a valuable tool to protect your heirs in the event of your death or incapacity. In effect, assigning a trustee to manage your affairs while you are alive (using a living trust) or ...
Continue reading "Back Up Plans: What if a Trustee Becomes Incapacitated" »

What About Rover?: Setting Up a Trust for Pets

Today, pets are really part of the family. Ask any pet owner what they think about their animals and they will use words like “love,” possibly even addressing them as individual family ...
Continue reading "What About Rover?: Setting Up a Trust for Pets" »

Selecting Your Heirs

Choosing beneficiaries for your estate is a tough task. There are so many ways to distribute assets that every decision needs thorough consideration. The wrong people will fight in court for the ...
Continue reading "Selecting Your Heirs" »

A Village in Holland has Been Created for Patients with Dementia

Village in Holland has been created for patients with dementia promising a unique solution for the care of the elderly. Dementia, including Alzheimer’s, is one of the fastest growing diseases in ...
Continue reading "A Village in Holland has Been Created for Patients with Dementia" »

What Happens If the Testator Has a Physical Inability to Sign a Will?

Sometimes when our estate planning attorneys are working on a will here at the Law Offices of James C. Shields, we're confronted with a client with a physical inability to sign a will. It can be ...
Continue reading "What Happens If the Testator Has a Physical Inability to Sign a Will?" »

Five Things You Should Know About Asset Protection Trusts

Asset protection protects you from sudden catastrophes in businesses. It is perceived that large corporations have the finances to afford asset protection. Small businesses need asset protection too. ...
Continue reading "Five Things You Should Know About Asset Protection Trusts" »

The 4 Steps You Need to Know About the Probate Process

What is probate ? After a loved one dies, the legal process known as probate takes place. As it is overseen by probate court, it typically includes the following: Proof that the will of the deceased ...
Continue reading "The 4 Steps You Need to Know About the Probate Process" »

Health Care Directive: What is it and who Needs One?

Caregivers are sometimes faced with tough decisions when it comes to the medical care of a loved one. A health care directive involves a set of written orders given by an individual in advance so that ...
Continue reading "Health Care Directive: What is it and who Needs One?" »

How to Smooth Over Wills, Estates and Trusts Issues

In wills, estates and trusts law, it is not uncommon to come upon situations in which a person's life is not what you would call conventional. That may be the case with a Swissvale, Pennsylvania ...
Continue reading "How to Smooth Over Wills, Estates and Trusts Issues" »

Review Your Estate Plan Regularly and Update Whenever Necessary

Consider this scenario...Erica and Tyler developed their first estate plan in their late thirties. They had two kids who were 10 and 15 at that point in their lives, and the parent's chief desire ...
Continue reading "Review Your Estate Plan Regularly and Update Whenever Necessary" »

Living Trusts Avoid Necessity of Probate in Multiple States

As the probate process becomes more streamlined across the country the use of living trusts is diminishing. There are still circumstances when a living trust can be a useful tool to settle your estate ...
Continue reading "Living Trusts Avoid Necessity of Probate in Multiple States" »

When Fair Isn't Equal: Consider a Pot Trust for Your Kids

A part of estate planning that's unpleasant to think about, but needs to be addressed, is how you would provide for your children if both you and your spouse were to pass away. If your children ...
Continue reading "When Fair Isn't Equal: Consider a Pot Trust for Your Kids" »
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