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Estate Planning Tag

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Uncategorized
December 3, 2024

Trust administration can feel like uncharted territory for many, but understanding the process is crucial for ensuring a trust fulfills its intended purpose. Whether you're a trustee, beneficiary, or someone considering establishing a trust, this guide will equip you with the key knowledge to navigate trust administration confidently. Understanding the Role of the Trustee The trustee holds a pivotal role in managing the trust’s assets so that the trust’s terms are carried out. A trustee's responsibilities include: Asset Management: Safeguard and invest trust...

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Uncategorized
November 20, 2024

Estate planning protects your family’s future and ensures your wishes are honored. However, mistakes can undermine even the best intentions. Below, we dive deeper into common pitfalls and provide expanded advice on how to avoid them. 1. Procrastination The Pitfall: Many people delay estate planning, thinking they have plenty of time or assuming they don’t have enough assets to justify it. Unfortunately, unforeseen events like accidents or illnesses can leave your loved ones in a difficult position without a plan. How to Avoid...

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Estate Planning, Health Care, Powers of Attorney, Wills and Trusts
February 2, 2021

Happy Groundhog's Day! When you think of Groundhog's Day you may think of Punxsutawney Phil who checks for his shadow each year to forecast changes of the season. Or you may think of Bill Murray reliving the same day over and over. For some of us, there may be moments in our lives where we also feel like we are stuck reliving the same day (hello 2020).  However, the truth is, change happens. And some changes in our lives trigger the need...

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Estate Planning
November 20, 2020

Last week we looked at how you can leave lasting memories and lessons in your estate plan to help future generations. This week we're delving into how you can share and experience thankfulness, even during a global pandemic.  Making it Possible to Come Together, Even from a Safe Distance:  We understand the holidays might look different for you this year. Big meals with your entire extended family under the same roof or meeting up with those you haven't seen in a while...

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Estate Planning, Health Care
June 14, 2019

June 15th is World Elder Abuse Awareness Day (WEAAD). An estimated 1 in 10 Americans over the age of 60 have experienced some form of abuse or mistreatment. WEAAD was created in 2006 to promote a better understanding of elder abuse and educate individuals on how to identify, address, and prevent abuse in the future. Elder abuse can take many different forms – physical, verbal, emotional, sexual, financial exploitation, or neglect. There are various warning signs that can help individuals identify when an elderly loved one is...

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Estate Planning, Health Care
April 16, 2019

Today, April 16, 2019, our firm, along with other national, state and community organizations, is taking part in a massive effort to highlight the importance of advance healthcare decision-making — an effort that has culminated in the formal designation of April 16th as National Healthcare Decisions Day (NHDD).  We have been supporting our clients’ healthcare wishes for more than ten years by providing comprehensive estate plans that include the healthcare directives that clients need in a medical emergency. These documents can...

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Ferri Law PLLC