Disinheriting a loved one can be a tough choice. It should be considered an extreme step to be used in rare occasions. Unfortunately, it is necessary at times.
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.
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?
Talking to someone about the end of their life is never easy. It’s a topic many would prefer to avoid. But this is a conversation that every child needs to have with their parents.
Estate plans can have all sorts of hidden issues. You don’t need years of study or a law degree to identify some of these very common problems in your estate plan.
The amount of wealth to be transferred the the baby boom generation to their heirs is expected to be as high as $59 trillion over the next several decades. That’s a lot of money. To make matters worse, our modern society has become more fragmented than ever before. These two facts together will lead to more than a few family disputes.
Here’s 8 tips on how to minimize the chance of a legal dispute over your estate:
Prince is just the latest in a long line of celebrities who failed to properly plan their estate prior to an unexpected death. But it isn’t just celebrities who are making this mistake. Failing to plan leaves the mess for your loved ones and the possibility of conflict when the family should be coming together. But keeping your estate conflict-free is easy.