Author Archives: Site Administrator
Do I Need to Use A No-Contest Clause in My Estate Planning?
Many people are concerned about the possibility of their estate being contested in the future. This can lead to continuous litigation that is expensive and emotionally draining for your loved ones. Even those loved ones who are recipients of assets inside your estate who find themselves in the midst of litigation with a sibling… Read More »
What’s the Distinction Between A Traditional and A Durable Power of Attorney?
A common estate planning term you’ve probably heard of before is power of attorney. Power of attorney is a very valuable document in your estate planning and each different type has its own provisions and rules. If you’re unsure of which type of power of attorney you need to use, a consultation with a… Read More »
What You Need to Know When A Sibling Contests A Parent’s Will
It goes without saying that the death of a parent is one of the most complicated times in your life, and this loss can lead to significant riffs among siblings. Unfortunately, the distribution of assets can be one reason that causes conflict between you and your siblings. Can You Contest a Will for Any… Read More »
What You Need to Know About Using Minors as Primary Beneficiaries
Estate planning issues that have to do with children can be extremely complex. Minor children are usually only able to own a small amount of property directly in their own names. This is why many parents choose to use tools, such as a trust, to pass on property to their children through the management… Read More »
What Unique Assets Were Left Behind by Famous People in U.S. History?
Ancestry.com’s U.S. probate and wills collection provides vast details about what people in the past left behind to their loved ones. Some of the most interesting items left behind by famous people in history include: A snuff box left by U.S. Secretary of State, Daniel Webster, to his grandson. An island given by railroad… Read More »
Are Living Trusts Only for the Wealthy?
All too often, people miss out on valuable estate planning opportunities because they fall for myths that they heard from someone once or did not properly investigate. The only reliable source for estate planning information is an experienced estate planning lawyer who has a track record of assisting people with the proper structure of… Read More »
Five Steps to Organized Financial Affairs for Estate Planning
Do you feel organized when it comes to your financial affairs and long-term goals? Most people don’t because they haven’t had the opportunity or understanding of how important these financial and estate planning considerations can be. Thankfully, a few important steps can get you started on the path to financial planning and give you… Read More »
What Advice Can Parents Give to Their Adult Children About Estate Planning?
Parents can pave the way and set a good example when it comes to estate planning, but only if they’ve accomplished these important strategies on their own. Having conversations around the holiday season or at the start of the New Year can be an appropriate opportunity to bring up these important planning considerations. The… Read More »
Will A Second Marriage Derail Your Estate Plans?
A second marriage can introduce dramatic changes into your life. The financial implications of a second marriage can be significant. While many of the adjustments and changes to your life could have to do with child custody, alimony and division of property, it’s also important to update your estate plan after getting a divorce…. Read More »
What Assets Need to Be Included in My Estate Inventory?
Each person’s estate inventory will look unique, but a careful consideration of the different types of assets that should be included can make it easier for your estate executor and your loved ones when you pass away. One of the primary reasons that people sit down to establish an estate plan is to ensure… Read More »