Have your parents or other relatives put you in charge of their finances, that is, after they die or become incapacitated? Did you know this is a full-time job?
The person in charge after someone dies or becomes incapacitated, generically called a “fiduciary” in legal parlance, must pay the debts, expenses and taxes of the deceased or disabled person, and occasionally litigate these matters or the validity of the trust or will. Then sometime after the death, usually a year or more, the estate or trust must be distributed, or held in further trust for many years. During this process, the fiduciary must deal with lawyers, accountants, financial advisors, the IRS and the courts. And the fiduciary could be sued by a creditor or a family member as thanks for all the effort.
Sound like fun? If not, let AEGIS Law relieve you of this burden. AEGIS Law provides fiduciary services in addition to traditional legal representation for fiduciaries. What does this mean? Well, if the family members are amenable, an AEGIS Law attorney will become the fiduciary and give your family the benefit of the entire AEGIS Law estate planning team, at a competitive price. Moreover, AEGIS Law works with some of the finest investment advisors, banks, real estate brokers, accountants and estate sale auctioneers in the business. You won’t need to rearrange your life to take care of these matters, you won’t need to become a legal expert, and you won’t get aggravating calls from family members in the middle of the night (yes, that happens). You will have time to grieve your loved one, and move on with your life.
Interested or have questions? Contact your AEGIS attorney, or Norman S. Newmark, head of AEGIS Law’s fiduciary services division ([email protected] or 314.454.9100 x117), for more information or to sign up for our services. You won’t regret this decision!
Norman Newmark’s practice is focused on tax, estate planning and corporate matters, and he serves as the head of the firm’s tax department. He has an extensive transactional practice involving sophisticated trusts, business entity formation, mergers and acquisitions, buy-sell agreements, and other recognized planning for individuals, health care practices, businesses and non-profit entities. Norman handles probate matters ranging from ordinary estate administration to trust litigation. He has represented individuals and businesses before the Internal Revenue Service and the tax departments of various states. As part of a bar subcommittee, Norman drafted key provisions of the Missouri Uniform Powers of Appointment Act recently passed by the Missouri General Assembly and signed into law by the governor.
