Bray Law Office

Being named a fiduciary, such as a successor trustee, executor, or agent under a power of attorney, is an important role that comes with a lot of responsibility. As a fiduciary, you have a legal duty to act solely in the best interest of the beneficiaries or the person who entrusted you with their affairs. This means: ?? Acting with Integrity: Every decision should prioritize the beneficiary’s or principal’s best interests, not personal gain. ?? Following Instructions: Adhere closely to the instructions laid out in the trust or will, and manage assets as directed. ?? Maintaining Transparency: Keep thorough records of actions taken and be prepared to provide an accounting if requested. ?? Seeking Guidance When Needed: Fiduciary duties can be complex, and it’s okay to seek professional advice from attorneys, accountants, or financial advisors. Fulfilling these duties ensures that you’re honoring the trust placed in you and protecting the interests of those you represent. Need more insights on your responsibilities as a fiduciary? Let’s talk! #FiduciaryDuties #EstatePlanning #Trustees #ExecutorResponsibilities #BrayLawOffice

This Monday, take a moment to think about your legacy. Estate planning is about so much more than just assets or documents; it’s about ensuring your values, intentions, and care for your family carry on. At Bray Law, I believe in making this process clear, empowering, and meaningful, so you can focus on the future with confidence. Ready to start building your legacy? Let’s talk about how we can help. #MondayMotivation #BrayLaw #LegacyPlanning #ProtectWhatMatters

Not all powers of attorney (POAs) are the same, and each type serves a unique purpose: General POA: Grants broad authority for financial and legal tasks. Springing POA: Only activates if you're unable to make decisions. Durable POA: Stays in effect if you become incapacitated. Limited POA: For specific tasks, like property management. Healthcare POA: Allows someone to make medical decisions for you. Remember, all POAs end at death, meaning a will or trust is essential to cover your wishes afterward. ?? Discover more in this week’s blog at mbraylaw.com/blog #EstatePlanning #PowerOfAttorney #BrayLawOffice

Planning for the future is one of the greatest gifts you can give to yourself and your loved ones. At Bray Law Office, I offer tailored services to ensure your wishes are respected, even in life’s most unexpected moments. From Estate Planning that secures asset distribution and important decision-making, to Disability & Illness Preparation that provides peace of mind in times of crisis, I make sure your values and intentions are honored. For families with special needs, Special Needs Estate Planning helps ensure ongoing care without jeopardizing crucial benefits. Together, we’ll create a plan that reflects your personal priorities and offers lasting support for those who matter most. Ready to take the next step? Let’s discuss how I can help secure your future and provide reassurance for the road ahead. ?? Reach out to Bray Law Office today! #EstatePlanning #FuturePlanning #PeaceOfMind #DisabilityPreparation #SpecialNeedsPlanning #FamilyCare #BrayLawOffice #SecureYourFuture #EstateLaw #AttorneyLife

Many people misunderstand the true purpose and limits of a power of attorney (POA). This week’s blog clears up common misconceptions and explains the different types of POAs, from General to Healthcare, each serving specific roles for managing your financial, legal, or healthcare needs. One key point is that POA authority ends at death, highlighting the importance of a comprehensive estate plan. For lasting control over your assets, a Life & Legacy Plan with a living trust can ensure your wishes are honored without interruption or probate. ? Want to protect your legacy and loved ones? Read the full blog at mbraylaw.com/blog #EstatePlanning #PowerOfAttorney #LegacyPlanning #BrayLawOffice

Considering hiring independent contractors? While they offer financial savings, flexibility, and reduced legal liability, there are hidden costs and risks to keep in mind, like limited control, potential audit risks, and the consequences of misclassification. To protect your business, it’s essential to conduct regular audits, craft clear contracts, and enforce policies that maintain IC status. Take these steps to make the most of IC benefits while minimizing risks. For more insights, visit mbraylaw.com/blog #IndependentContractors #BusinessProtection #ContractLaw #BrayLawOffice #SmallBusinessTips

Let’s make this Monday count. Estate planning is about more than just documents; it’s about ensuring your wishes are honored. Connect with Bray Law to discuss how I can help create a legacy that reflects what matters most to you. #familyfirst #BrayLaw #LegacyPlanning #MondayMotivation

Who Should Be Your Successor Trustee? ?? Importance of Choosing Carefully: Successor trustees hold significant responsibility and should be chosen with care. ?? Responsibilities: At Incapacity: Manages financial tasks, property, and ensures care needs. After Death: Acts like an executor, handling bills, taxes, and distributing assets according to trust instructions. ?? Private Administration: Successor trustees typically operate without court supervision, allowing private and efficient management. ?? Fiduciary Duties: Trustees must act in beneficiaries’ best interests and follow legal guidelines to avoid breaches. ?? Choosing a Successor Trustee: Can be a family member, friend, or professional; it’s crucial to name responsible backups and discuss responsibilities with them. ? Qualifications and Compensation: Assess candidates’ qualifications, willingness, and provide fair compensation if professional services are needed. Need assistance with choosing and educating a successor trustee? Schedule an appointment to get support.

Ready to take the next step in securing your family’s future? We’re here to help with all your estate planning needs. Contact us today for a consultation: ?? Phone: 913-451-6936 ?? Website: www.mbraylaw.com ?? Office: 9393 W 110th St, Overland Park, KS 66210 Let’s start building a plan that gives you peace of mind. Get in touch with me today! #BrayLaw #EstatePlanning #ContactUs

Choosing the right successor trustee is a critical decision for anyone with a revocable living trust. Your trustee will manage your financial affairs if you’re unable to do so and ensure your wishes are honored after your passing. Whether it’s a trusted family member, friend, or professional, your trustee should be reliable, responsible, and willing to take on this significant role. ?? Ready to learn more about selecting the best trustee for your needs? Read the full blog at mbraylaw.com/blog for essential insights and guidance. #EstatePlanning #TrusteeSelection #PeaceOfMind #BrayLawOffice