You likely know your children better than anyone else, including how they handle money. One child may receive a substantial inheritance and invest it for retirement or a rainy day. Another child, upon receiving their inheritance, will go out and blow it all on luxury...
Personalized Attention For Your Family’s Probate & Estate Needs
Year: 2024
When can families challenge a will based on a lack of capacity?
Will contests are one of the most common reasons for probate litigation. Family members can take legal action if they have concerns about the terms included in a will. They may ask the courts for help if they question the validity of the document. There are a number...
Why do you need to update your estate plan?
An important part of estate planning is making regular updates every few years. Many people update their estate plans about every three to five years. This is about how long it takes for people to acquire new assets, such as real estate, property and investments. An...
How can you reduce the likelihood of a will contest?
A will contest can lead to lengthy court battles and emotional distress for your loved ones. Beyond the potential rifts in family relationships caused by disputes over your estate, a challenge to your will can delay the distribution of assets and result in significant...
Will your children inherit your debts?
You want the inheritance that you’re leaving to your children to be beneficial for them. You may be passing them tangible assets that they can use, like a family home. You may also just be handing down significant financial assets that you’ve saved up over the course...
Estate planning shouldn’t be delayed
A will provides instructions on how your assets should be distributed upon your death. Trusts manage assets according to your wishes. You can also utilize powers of attorney to meet your medical and financial needs. Estate planning is an important process that all...
Examples of executor breaches of duties
An executor has a key role in the estate planning process. This individual is tasked with managing assets and administering the estate according to instructions in the will and other estate planning documents. An executor has what is commonly referred to as a...
Why beneficiaries sometimes decide to contest a will
Most beneficiaries feel grateful for the fact that they receive an inheritance. A testator allocating a portion of their estate for the benefit of another person is a generous act. Family members and close friends of a testator often view the inheritance that they...
What type of person makes a good guardian?
Much of the estate planning process centers around distributing assets on a person’s death. However, one important aspect that can be overlooked is choosing a guardian for one's minor children. A guardian can be nominated by including a clause in your will. The person...
Why powers of attorney are essential for long-term care
The decision to place an aging parent in a long-term care facility can make you feel guilty. It’s also filled with a mix of emotions, from concern for their well-being to worries about the financial and logistical burdens. In this emotionally charged time, it’s...