This is my 7th annual year end investment review for Trusts. As I have indicated in the past, Trustees are accountable for a prudent investment policy. This includes a review of the performance of the investments in the Trust. For Trusts that hold a portfolio of marketable securities, a fundamental…
There are many factors that can be attributed to this spike in death rates but the most plausible explanation is the change in weather.
No matter who wins the election, any changes to the U.S. Estate tax system won’t likely happen right away but one thing is certain, this election has being very taxing on everyone.
In my previous blog post, I discussed the “what” and “why” of a passing of accounts. In this blog, I will provide a quick refresher on the technical process for a passing of accounts
There are many ways that we “live on” after our death – through memories, through words of wisdom we’ve shared or gifts we’ve given. Possibly the most tangible way for this to happen is to become an organ and tissue donor.
In Tibble v. Edison International , the beneficiaries of a pension plan sued the plan fiduciaries to recover damages for the alleged losses suffered by the plan from alleged breaches of the defendant’s fiduciary duties, namely, duties to invest prudently and loyalty.
A couple of years ago a survey revealed that only 18% of first time executors were aware of the first step in the administration of an Estate – locate the Will
In 1905 Milton Hershey founded the Hershey Trust Company, which has been the majority owner of the Hershey Company. The primary purpose of the $12.3 billion Trust Company is to act as Trustee and support the Milton Hershey School in Hershey, Pennsylvania
As part of any administration, it is important for the Executor or Trustee to maintain records of all transactions taking place within the estate or trust
A typical estate administration can take between 12-18 months and can consume hundreds of hours depending on the complication involved
