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It’s often questioned what will happen to a person's estate after they pass away. While many believe an estate will be given to the closest heir, sold or donated, there are many options people have to decide themselves – otherwise, it may be up to the state to decide...
When people write up a will, they are expected to designate an executor of an estate. You may happen to be asked by a loved one or family member to take on this role. The executor of an estate may be a new title that you’ve never heard of, so there are some things you...
Many estate administration responsibilities fall directly to the personal representative of the estate. They have to notify creditors and repay debts. They will also need to handle tax responsibilities on behalf of the deceased. Estate taxes only apply to...
One of the most common allegations when contesting a will is undue influence. This occurs when it is believed that a person coerced the deceased into making changes to their will that benefit them unfairly. It can be challenging to show that someone manipulated your...
No one wants to think about a time when they won’t be around. However, failing to put the proper planning tools in place, such as a will, can cause a lot of hassle for your loved ones when you pass away. While intestate laws are in place to determine what happens to...
A spendthrift trust is a tool that allows you to provide a secure financial future for your child who has difficulty managing money. Your child will receive incremental payments on a schedule that you devise when you set up the trust. This ensures that your child will...
Divorce comes with serious implications not only for you but also for your finances and your loved ones’ future. If you created an estate plan while married, it is in your best interest to review and update it as soon as your divorce is final. Here are important...
A loved one made the effort to create an estate plan, so you probably want to honor their last wishes. However, what if you believe the only way to fulfill their legacy is to challenge the documents in their estate plan? Maybe you learn that the instructions they...
People are often put off by estate planning. Talking about your own death can be daunting, and to some, it seems morbid. As such, it is estimated that well over 50% of the population has no will in place. Some choose to get around this hesitation by creating a will on...
At some point in everyone’s lives, we realize that our estate will be left to the wolves after we pass — unless we first establish a will or trust. With today’s medical endeavors that grant us a taste of immortality, allowing people to live into advanced age, you...