There comes the time in the life of any estate plan to update the estate plan. Updating an estate plan is an important part of the estate planning process. Setting up an estate plan is important but it does not stop there. For that reason, estate planners should have...
Being the beneficiary of a trust can provide you with a certain amount of financial security. For most people who are in this position, these trust assets are about much more than money. After all, a loved one who is no longer here made the conscious decision to name...
Have you ever considered what would happen to your pets if something were to happen to you? Most people have an idea of how they intend to divvy up their wealth and possessions after they're gone but often overlook their four-legged family members. You might assume...
If you have multiple children, you are likely planning to include them as heirs in your will and other estate planning documents. While gifting your assets to your sons and daughters is a good thing, doing so smoothly may not be as straightforward as you would assume....
Have you been meaning to plan your estate but have never gotten around to it? If so, you are not alone. Statistics show that less than 40 percent of Americans currently have an estate plan. But that may soon be changing due to the Coronavirus pandemic wreaking havoc...
When you plan your estate, it can be tempting to only write a will. However, while this can simplify the estate planning process today, it may not give you or your loved ones the protection you need in the future. By considering the wide variety of estate planning...
After you have a child, your estate plan will need to change to reflect these changes in your life. This includes establishing a trust to prepare for their college fund to adding them as a beneficiary to your will. One issue that requires careful consideration is...
In our last post, we began a discussion about will contests and the most common reasons for them. In today’s post, we’ll discuss the two most common and compelling reasons for challenging the validity of a will: Allegations of lack of testamentary capacity and...
When estates become the subject of litigation, disputed (or contested) wills are frequently the issue at hand. Courts generally want to honor wills, as they are likely the best record of a decedent’s wishes about what happens to his or her property. Moreover, the...
America has long been a do-it-yourself society. Especially in the age of the internet and social media, it seems like you can find tutorials and materials for just about any subject you want to take on. Normally, taking the DIY approach can save you money and be a...
