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Sumner recently removed Viacom CEO Philippe Dauman, who was a trusted adviser and long described as Sumner ’s second son, as well as Viacom director George Abrams from his trust.

Trustworthy Agent The first and most important step you can take is to appoint a trustworthy agent. Think carefully about who you want acting on your behalf, as you need to appoint someone you trust to This professional fiduciary can be a bank with trust powers, a certified public accountant (CPA), or a trust company. Backup Agent In addition to having a trustworthy agent, it is encouraged for you to have a backup agent

Understanding Intestate Succession Laws in Texas In Texas, when a person dies without a valid will or trust of properly after your passing, it is important to make provisions for them in a will or, better, a trust children, it’s essential that you name a guardian in your will so that they’re taken care of by someone trustworthy You can set up trusts or designate beneficiaries in your will to ensure that their needs are met. This includes making a will, setting up trusts , designating beneficiaries for retirement accounts and

Probate litigation can be avoided by using trusts . Trusts are an extremely powerful estate planning tool that can skip probate altogether, ultimately skipping If you are unsure of whether you would like to use a trust, there are other strategies that may be used

Trusts Shield Details From The Public While we know what assets Epstein owned at the time of his death Epstein’s will is a classic pour-over will that pours all of his assets into a trust at the time of death of “The 1953 Trust.” Trust documents are not public documents, so unless someone leaks trust documents to the press or comes One of the main reasons people use trusts to do estate planning is because they provide a shield from

A Medical Power of Attorney appoints a trusted person to make decisions for the individual if the individual also help with elder law issues, VA and Medicaid planning and other issues related to special needs trusts

For an accurate estimate based on your region, inflation, and other factors, talk with a trusted insurance not know that estate planning attorneys often work with insurance agents to provide their clients a trusted Consider Long-term Care Options At some point in most people’s lives, long-term care will be necessary

Review the Will and Trust Documents After probate, you should review the will and any trust documents A Houston trusts lawyer can help you create this document and ensure the assets are protected until they

Many people believe that, unless they own huge sprawling mansions or complicated trust funds, they have could create a simple table which lists the type of account, the amount it holds and whether it is in joint

beneficiaries could mean acceleration of distribution for the inherited IRA beneficiary Failing to make a trustee-to-trustee

When the deceased had all of the property in joint tenancy with a spouse, probate isn’t needed. However, if a piece of property isn’t held in joint tenancy or is not otherwise automatically conveyed These items typically don’t have to be probated: joint tenancy property property with a transfer-on-death Hence, contrary to standard probate law, the estate can consist of joint tenancy property, property with

Michael Jackson: Didn’t Fund His Trust Michael Jackson’s estate and will have been an ongoing discussion Although Jackson created a trust, it was not adequately funded. The main takeaway from Jackson’s estate planning mishap is that a trust should be properly funded. Lawyers that focus on estate planning will be able to keep a copy of your will or trust on file to make