Anytime someone believes they could get more through intestacy or a prior will, an incentive for a will contest exists. When creating your own will, it is important to be aware of situations that make will contests more likely.
The estate planning process is often initiated by one spouse and is met with hesitation or procrastination by the other. So how do you broach the subject?
Many people think the only use of trusts is to avoid estate tax. But trusts have many other uses, even for those without a large estate.
As an estate planner, I get asked questions about the future all the time. One question I’ve been asked by a few previous clients is “What will President Trump do to my estate plan?”
It is no longer the case that the meaning of “family” is limited to certain traditional forms. These days, families come in all sorts of shapes and sizes. How does estate planning impact those families?
A will is one of the oldest estate planning documents. It provides the last chance for the deceased to act upon the living and let them (and the world) know how they feel.
These days, couples can be emotionally and financially dependent upon each other well before marriage. The longer the relationship lasts, the more likely they are to be financially intertwined. This means estate planning may be necessary to completely reflect the relationship.
It’s the time of year that we make resolutions. While many are broken within a few months, a resolution to finally getting your estate plan done is one you’ll want to keep.