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Category Archives: Estate and Trust Administration

Estate Administrators and Trustees Are Responsible for Many Different Tasks

By The Law Office of Angela N. Manz |

Before you choose who will step in and make decisions on your behalf, as well as handle your estate after you pass away, it’s important to clarify that the people you have selected are comfortable in serving in this role. The truth is that being a trustee or an estate administrator comes with many… Read More »

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Tips for Choosing an Executor

By The Law Office of Angela N. Manz |

When approaching the estate planning process, your executor is the individual who has the legal responsibility to ensure that all of your estate planning intentions and plans are carried out to pay out any debts, bills and taxes, and to ensure that your assets are transferred properly. When identifying the right person to choose… Read More »

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More Americans Are Passing Away with Debt Than Ever

By The Law Office of Angela N. Manz |

A recent study of 220 million consumers in Experian’s File One database, indicated that up to 73% of consumers are passing away with debt in high numbers. For those individuals who do not have a home loan, the average debt was $12,875. However, consumers with a mortgage carried approximately $61,554 in debt. You may… Read More »

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What You Should Know About Qualified Terminal Interest Property Trusts

By The Law Office of Angela N. Manz |

Flexibility is a critical component for anyone who is looking into the estate planning process. One of the most flexible tools to achieve this is a Q-tip trust, also referred to as a Qualified Terminal Interest Property Trust. As with all trusts, it’s important to set up a meeting with a lawyer first to… Read More »

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Three Changes in Your Life That Should Prompt You to Schedule an Appointment with Your Estate Planning Attorney

By The Law Office of Angela N. Manz |

There are so many different circumstances that should warrant a meeting with your estate planning attorney. As estate laws or your individual life circumstances change, it is appropriate to update your estate planning documents to ensure that they are in line with your intentions. What follows are three of the most common changes in… Read More »

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Four Things You Need to Know for Your Retirement Planning To-Do List

By The Law Office of Angela N. Manz |

As you approach retirement age, there are many different considerations you need to keep in the back of your mind in order to plan effectively for the future. These five things should never be overlooked in your retirement to-do list process. Know the Withdrawal Rules One you reach age 70 and a half you… Read More »

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In Some States, Irrevocable Trusts Aren’t Necessarily Irrevocable

By The Law Office of Angela N. Manz |

Estate tax returnIrrevocable sounds so very final, but in some states, appearances can be deceiving. According to a National Law Review article, people who created lifetime irrevocable trusts to avoid estate taxes don’t have to live with them irrevocably, in some instances. “The assets in the irrevocable trust pass upon death free of estate… Read More »

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Duties of Executors More Complex In Digital World

By The Law Office of Angela N. Manz |

The roles of executors and their agents, which had remained largely unchanged for decades, are, like everything in this digital age, undergoing a transformation. Financial data analyzing “Being named an executor by a family member or close friend is an expression of the highest regard and trust, and it is generally regarded as an… Read More »

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Choice Of Executor Vital Part Of Estate Planning

By The Law Office of Angela N. Manz |

Making a will and keeping it up to date are only part of what people need to do to ensure their wishes are properly carried out after death. Wife showing where to sign to her husband Selecting the right executor for an estate is also vital. That message was brought home in a recent… Read More »

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Irrevocable Trust Could Have Saved Fuss Over Novelist’s Estate

By The Law Office of Angela N. Manz |

The late Tom Clancy’s novels showed he had a remarkable grasp of military strategy. His muddled estate shows he did not bring the same kind of acumen to his own personal financial affairs, according to a recent article on the website insurancenewsnet.com. Clancy passed away in Baltimore on Oct. 1, 2013. He was 66…. Read More »

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