When it comes to retirement accounts and estate planning, trusts can play a major role in how funds are managed, distributed, and taxed. But not all trusts are treated the same—especially when they’re named as...
What is a QDOT and Do I Need One?
April 8, 2025
A Qualified Domestic Trust, or “QDOT” is a Trust specifically authorized by statute to defer estate taxes for non-citizen spouses, but not every non-citizen spouse needs a QDOT. Basically, every citizen and...
Who Does the Estate Attorney Represent?
March 20, 2025
Who Does the Estate Attorney Represent? When a loved on passes away, managing the estate can be a complicated process involving lots of legalities. Many estates hire an attorney to help with probate, administration, and to
When to Assume a Mortgage on Inherited Property – Never!
February 20, 2025
I recently was asked by a sole executor-heir when they can assume the mortgage on their childhood home. The client wanted to know if they could assume the mortgage already or if they had to wait for probate to close. The...
What is the difference between a Trustee and an Executor?
December 20, 2024
A Trustee and an Executor are distinct roles but with a similar function. While you’re alive, you can give money away by writing a check, transferring through Zelle, Venmo, a wire transfer, or simply handing over cash.