Specific Bequests: Potential Ademption Problem

Trusts and Wills often provide that a particular asset pass to a certain beneficiary. Such a bequest is a “specific bequest” in that it is satisfied only by receipt by the beneficiary of the specific, particular property identified in the Trust and Will. For example, a person leaves “100 shares of my Apple, Inc. stock to my daughter, […]
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Federal Benefits Paid Electronically or by Debit Card

The Treasury Department now requires all future federal benefits, including Social Security and VA, to be paid electronically. If you already receive electronic federal benefit payments, there is nothing further you need to do. You will continue to receive your benefit payments on your payment date as previously scheduled. However, if you presently receive a […]
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