How Tos
What is Margin and How Does it impact an Estate Administration?
Trustate Team
Margin is a loan secured by an investment account as collateral, so why does this have an impact on estate administration? In this article, we discuss the different scenarios that may arise with margin after someone passes away.
Estate Administration/Estate Settlement
What Is Portability?
Trustate Team
Portability is a way for spouses to combine their estate and gift tax exemptions. More specifically, it’s a process where, after the first spouse dies, the surviving spouse can transfer (i.e., “port”) the unused estate tax exemption of the deceased spouse to himself or herself.
How Tos
Art In An Estate- What To Do
Trustate Team
When we think about assets in an estate administration we often think about property like real estate or land, or perhaps cash and investment accounts. However, art is a major asset that can bring with it many questions about how to account for it in an estate administration, how to determine its value, and how/if it has an impact on estate taxes.
Co-ops
Co-op in an estate administration? What to do first. 
Trustate Team
Co-ops are property types popular in major cities such as New York and Miami. If you are working through an estate administration that involves a co-op, read this article to understand the first four steps you will need to take.
Co-ops
Eagle 9 Policies, Co-ops, and Estate Administration
Trustate Team
Co-ops can be a tricky piece of the estate administration puzzle. In this article, we not only address transferring the ownership of a co-op, but also important things to be aware of like Eagle 9 policies.
Estate Administration/Estate Settlement
What Happens to Student Loans After Someone Dies?
Trustate Team
Student loans are currently a hot topic in the United States, and will likely continue to be for years to come. Student loans can be the source of much financial stress for many living individuals, but have you ever thought of what happens to those loans, and who is responsible for them, should the borrower pass away?
Estate Administration/Estate Settlement
Who's Who in an Estate Administration
Trustate Team
In this article, we tackle the “who’s who” in an estate administration so you or a client can better understand the roles and responsibilities these key stakeholders play.
How Tos
What Happens to A Power of Attorney After Someone Dies?
Trustate Team
Is a Power of Attorney valid after someone dies? Read on for what you need to know about this document and what happens after someone passes away.
Probate
Probate Vs. Non-Probate Assets - How to recognize the difference.
Trustate Team
When talking about administering an estate, you may often hear the terms probate and non-probate. This is common language used to describe the estate and its assets. If you are wondering how to determine if an asset is considered probate or non-probate, read on for helpful tips and resources.
Estate Administration/Estate Settlement
Estate Expenses - Who Pays What?
Trustate Team
Between property maintenance, potential legal fees, and memorial expenses, the bills can add up quickly. If you are left wondering how one is able to afford this expensive and seemingly endless work, then read on for information and helpful tips.
Estates In The News
What is a Pretermitted Heir, And What Does it Have To Do With Heath Ledger’s Estate?
Trustate Team
At the time of his death, Ledger left behind a substantial fortune and a young daughter, whom he shared with fellow actress, Michelle Williams. In the weeks following his death, it was discovered that Ledger had a Will. However, the Will was drafted three years prior to the birth of his daughter and left everything to Ledger’s parents and sister. 
Difficult Conversations
The Oldest Daughter is Most Likely to be Named as an Executor
Trustate Team
Are you the oldest daughter in your family? If this describes you, or one of your clients, now is the perfect time to start asking some questions. The more that can be learned today, the better prepared we are for tomorrow.
How Tos
§645 Election- What is it and How is it Used?
Trustate Team
In simplified terms, a §645 election can be used to combine the trust and estate into one entity for tax purposes, so only one IRS Form 1041 needs to be filed. However, there is much to be known about a §645 election, and this article covers what it is, how it is used, and the benefits o using it.
How Tos
What is Form 1040?
Trustate Team
Not exactly sure how Form 1040 applies to you or a deceased loved one or client? Read on to learn what Form 1040 is, and how it is used.
How Tos
How To Obtain an Estate EIN
Trustate Team
Not sure how to obtain an estate EIN? It's as easy as 1, 2, 3.
Estates In The News
Prince Passed Away in 2016, So Why is His Estate Still in the News?
Trustate Team
In April of 2016, Prince passed away in his home, leaving behind a multi-million dollar estate and no Will. In the years since, the complex task of settling his estate has ensued, creating various legal hurdles and lessons to be learned.
Estate Administration/Estate Settlement
Heirs’ Property - A Serious Problem Not Enough People Are Talking About
The Trustate Team
Heirs’ Property is a term that refers to a home or land that passes from generation to generation, without a will, often over generations. Heirs' property is a serious problem that not enough people are talking about. In this article, we shed light on this important topic.
Digital Assets
How are Digital Assets Handled in Estate Administration and Planning?
Leah Del Percio and Tara Faquir
In the increasingly digital world, it’s important to prioritize (and understand how to include) digital assets as part of an estate plan.
How Tos
Step-up in Basis - What is it and how does it work?
Ann Clogan
A beneficiary who inherits an asset from an estate must take into account how the inheritance impacts their own estate from a capital gains tax liability perspective. Fortunately, the United States currently permits what is known as a “step-up in basis,” which helps alleviate potential income tax burden on a beneficiary.
Digital Assets
My Spouse Died With A Digital Wallet - Now What?
Asaad Faquir and Tara Faquir
As more people are investing in digital assets the prospect of people dying while owning digital assets is a reality.
Estate Administration/Estate Settlement
Probate vs. Estate Administration; What's the Difference?
Leah Del Percio
Generally speaking, probate is simply one small part of an estate administration.
Difficult Conversations
‘Tis the Season to Empathize with Your Clients
by Trustate
Navigating the holidays after the death of a loved one is never easy. Not only do the emotions impact your clients, but they also can impact you. Here’s to mindfulness all around.
Estate Administration/Estate Settlement
Was there a COVID-19 related death in your family in 2020-21? Get funeral expenses reimbursed by FEMA.
Leah Del Percio
FEMA has agreed to supplement funeral expenses for COVID-19 related deaths. Continue reading to learn more.
Estate Administration/Estate Settlement
Lessons Learned from the Trustate Toolkit
Tara Faquir
What I like most about the Toolkit is it allows me to feel in control and organized by categorizing recommendations by type, including recommendations for planning, property, relationships, etc. Thanks to the Trustate Toolkit, I'm pleased to report my husband and I are now moving in the right direction and tackling our estate head-on.
Difficult Conversations
Who should you tell about your estate plan?
Jenna Mendelsohn
No one should be left making estate administration decisions on your behalf or trying to guess your end-of-life wishes regarding your estate simply because they do not have the correct information. While some of the contents of your estate can remain a mystery until after you pass, consider letting these four people in on your not-so-secret wishes.
Difficult Conversations
How to Talk about your Will with Family
Leah Del Percio
Earlier this week we covered whether or not you should discuss your estate plan with friends and family. Here, we explain how to do it most effectively.
Difficult Conversations
Should my Will be kept secret?
Jenna Mendelsohn
When to involve others in your estate planning.
How Tos
15 Items to Gather After a Loved One Dies
Leah Del Percio
When someone passes away, it is common to feel overwhelmed and not know where to begin. In this post, we break down exactly what items you might need at first to begin opening the estate.
Estate Administration/Estate Settlement
An Unexpected Loss with an Unexpected Experience
Tara Faquir
What happens when you try to secure property and in turn, it backfires?
Estate Administration/Estate Settlement
In Case You Missed It: What do I do with the car?
Jenna Mendelsohn
We prepared four straightforward guides for handling, distributing, and inheriting a car.
How Tos
How to sell a car directly from an estate
Jenna Mendelsohn
Learn how to sell a car directly from an estate.
How Tos
How to distribute a deceased person’s car to an estate beneficiary
Jenna Mendelsohn
Learn how to distribute a car through an estate to a beneficiary.
How Tos
Lost Car Title? What to do
Jenna Mendelsohn
Inheriting a car but can't find the Title? Check out our guide on what to do.
How Tos
How to Transfer Car Titles to a Surviving Joint Owner
Jenna Mendelsohn
Joint Car Title? In this post, Jenna tells us the best way to transfer a car to the surviving owner.
Estate Administration/Estate Settlement
What to do when someone dies
Jenna Mendelsohn
Opening and managing an estate after your loved one dies is daunting. Download our free 20 page resource and learn how estate administrators and executors can handle the process with less anguish.
Estate Administration/Estate Settlement
5 Surprising Facts About Estate Administration
By Leah Del Percio
Settling an estate is a complicated process. Read these 5 facts before you get started to avoid common mistakes.
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