Estate Planning Attorneys Elk Point : Probate & Elder Law Attorneys in Elk Point, NV

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Estate Planning, Probate & Elder Law Elk Point, Nevada

Elk Point Estate Planning & Probate Attorneys

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Anderson, Dorn & Rader, Ltd.

TEL (775) 823-9455 |  Reno, NV

Attorney Brad Anderson spent more than a decade working in the corporate world before founding his own firm in 1995. During that time, he served as a senior counsel for two major financial i...(more)



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ESTATE PLANNING, PROBATE & ELDER LAW NEWS

» More on Terminating Independent Administration

I spoke about frustrations with the termination of independent administration here. A few follow-up points:

1. In the statute, a distinction is made between Wills that direct independent administration, and those that don't. If the Will directs independent administration, then supervised administration will only be allowed "if the court finds there is good cause." Otherwise, the court will switch to supervised with no argument. But note that the Will must use the magic language directing indepedent administration; it's not enough for the Will to say that the executor has X powers, which may be exercised without court order.

2. Cook County has provided the following language for orders terminating independent administration:

On the petition of [petitioner] for termination of independent administration:

IT IS ORDERED THAT:

1. Independent administration of the decedent's estate is terminated.

2. [Executor/administrator's name] shall continue to act as [executor/administrator] in supervised administration, and letters of office issued subsequent to this date shall issue to the representative as supervised [executor/administrator].

3. The clerk of the court shall mail a copy of this order to the representative and the representative's attorney.

4. The representative shall mail notice of the termination of independent administration to all interested persons whose names and post office addresses are known to the representative, and file proof of mailing with the clerk of court. (Here is Cook County's form notice.)

5. The representative shall file an inventory within 60 days.

» Crazy Article Round-up

Here's a double dose of crazy for your reading pleasure:

1. Probate and Switch, by Lou Ann Anderson. My favorite part: "Attorney misconduct is rarely punished so our country is full of attorneys who will bend or break rules. These 'bottom feeders' are the vanguard flag carriers emblematic of why the general public has such disdain for the legal profession."

2. Illiinois [sic] Guardianship Law Similar to Slavery-Law Should Be Stricken as Vague, Prohibiting too Much Speech and Too Discriminatory, by James Timothy Struck. Looking for the link between slavery, Nazi Germany, and guardianship? Here it is!!!

» AIG announces preferred stock issue

»  National Financial Starves On A Rich Diet
The financial products provider's shares plummeted 24.1% on warning of slipping sales and higher costs just two months into Q3.

» Ameriprise resists bailout of subsidiary clients