by Knee Law | Oct 26, 2021 | Challenging A Will, Will Contests, Wills
Is a Will Contest a Good Idea? According to a 2017 survey, fewer than half of respondents said that they had a written will. If a person dies without a will, state intestacy laws will likely determine how their assets are distributed. The same may be true if a will is...
by Knee Law | Oct 22, 2021 | Challenging A Will, Estate Law, Will Contests
When Should You Contest Your Parent’s Charitable Will Bequest? Each year, people donate roughly $286 billion to charity, but unfortunately, some of these donations might not be as legitimate as they might seem. Every now and then, a child is concerned to find...
by Knee Law | Oct 18, 2021 | Estate Law, Trusts
Pros and Cons of Choosing an Irrevocable Life Insurance Trust Trusts are often an important aspect of planning your estate that can be used in lieu of a will or to complement a will. An estate planning lawyer can help you set up an ILIT, which is an irrevocable trust...
by Knee Law | Sep 25, 2021 | Estate Planning, Trusts
Avoid Federal Estate Taxes With Trusts If you want to transfer your wealth to your heirs, you need to know how to avoid federal estate taxes. The current federal estate tax exemption stands at $11.7 million, and thus very few estates are subject to the tax. Even so,...
by Knee Law | Sep 21, 2021 | Estate Planning, Trusts
There Are Basically Three Reasons to Use an Irrevocable Trust Did you know that an irrevocable ttrust cannot be modified, amended, or terminated without the permission of the beneficiaries? Set up to minimize taxes as well as other reasons, the grantor legally removes...
