If there was ever a case that showed the need for clarity and naming the proper people as fiduciaries, the Zsa Zsa Gabor story is it. She is still alive, but unable to communicate her wishes or manage her own financial affairs. As you may have guessed by now, her estate planning documents are under fire, and her daughter and Gabor’s husband are fighting over visitation rights and medical care, not to mention how her millions should be managed. While estate planning is typically regarded as … [Read more...] about Zsa Zsa Shows Importance of Naming Proper Fiduciaries
Fiduciaries
Naming Proper Fiduciaries
Trustees do not need to be financial whizzes to carry out their job. They just need to be trustworthy and be able to delegate tasks. This is an important message for your clients, especially elder clients seeking estate planning and elder law planning. Your clients need to hear about the critical importance of naming the proper people as a trustee, agent for a health care power of attorney, and agent for a financial power of attorney, etc. They need to choose people who only have their best … [Read more...] about Naming Proper Fiduciaries
