What Are the Reasons to Challenge a Will?
Reasons That You May Want to Challenge a Will Nearly 99% of wills that are made in the United States are not contested. Even so, there are many reasons to challenge a will. A will is the last word of the testator, so the courts give it an inordinate amount of weight. Testamentary Capacity If there is any reason that...
Estate Planning Tips for Young Adults
What Young Adults Should Know About Estate Planning Estate planning is a topic that was once reserved for discussions among an aging population, and those aged 18-34 are only 16% likely to have a will. Nowadays, it's important for young adults to understand that executing a plan early in life can be beneficial in...
Who Should You Pick as Your Children’s Guardian?
How Do You Choose the Right Guardian for Your Children? Each day, almost 10,000 children around the world are orphaned. Though no parent likes to think about the idea of leaving their child, planning for the worst can ensure your family stays safe no matter what happens. When selecting a guardian for your kids, there...
How to Speak With Your Parents About an Estate Plan
Talking to Your Parents About Estate Planning Fifty-two percent of older Americans do not have a financial power of attorney in place, which is why it's important to speak to your parents about estate planning. Before you have the conversation, there are things you need to know to make the process go smoother....
What Happens to Debt After You Pass?
How Debt Is Handled After a Person Passes More than 70% of Americans will die with some outstanding debt, according to the credit bureau Experian. For those with mortgages, the average amount of debt was more than $60,000 in 2016. Estate planning litigation lawyers, therefore, often have to tackle the challenges of...
How to Create an Estate Plan That Handles Real Estate Appropriately
Advice for Handling Real Estate During Estate Planning Real estate is one of the most common items bequeathed in a will, but it is not quite as simple as you might think. According to property estate planning lawyers, you need to consider several important factors before deciding how to handle real estate. Consider...
Legal Requirements for Removing a Fiduciary
Legal Course of Action for Removing a Fiduciary When a grantor does their estate planning, they carefully choose the person or people who they trust to administer their final wishes. As such, the court takes allegations of impropriety very seriously, and it is not an easy task to remove a fiduciary from their...
Is It Possible to Create an Estate Plan That Won’t Disappoint Heirs?
How to Keep Estate Planning From Causing Family Arguments Each year, roughly 3% of wills are contested due to disagreements among potential heirs. It can be quite tricky to create an estate plan that does not upset at least one person. Here are some things you can do to reduce disappointment among all your heirs. Be...
Estate Planning Transfers Wealth, Reduces Estate and Property Taxes
Complex Estate Planning Benefits You and Your Beneficiaries Complex estate planning ensures that your wealth, assets, and small business will be transferred smoothly to your designated beneficiaries after your death. It took you a lifetime to acquire your properties, savings, pension, and 401k retirement funds, so...
What Do You Do If a Parent Dies Without a Will?
What Happens If a Parent Dies Without a Will? About 14% of individuals younger than 30 have a will, and 68% of Americans aged 65 and older have a will. What happens when someone dies without a will, and why is this document important? Here are some of the most important things you should know. What Is the Term for...