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Until recently, bank statements were filed in cabinets, photos stored in family photo albums, records or CDs were stacked next to the stereo system, and books sat on a shelf. At death, these assets were divided among the family, typically as directed in an informal...

Many people may have heard of nominee trusts, but some may not know how they differ from typical trusts. The defining feature of a nominee trust is that the trustees have no power to act without the authorization of the beneficiaries (the actual owners of...

Most people have heard the term “probate,” but don’t really know what it means. Probate is a process through which title to assets is transferred from a deceased owner to the individuals he or she designated to receive them....

Professional fiduciaries need to be aware of their exposure to claims for multiple damages and attorneys fees, particularly since their insurance may not provide any coverage for multiple damages....