A comprehensive estate plan provides peace of mind that your assets will be distributed to your loved ones upon your death exactly as you intend. A last will and testament and a trust are two estate planning tools that serve slightly different purposes, complement each other well, and are frequently part of an estate plan. […]
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No one wants to believe their family member would contest their estate plan by alleging they weren’t competent to write it. This is more likely when you disinherit someone who ordinarily would have received money and property from you or if you have been diagnosed with a mental condition that is associated with deteriorating mental […]
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Imagine you have been named the executor for your grandmother’s Last Will and Testament. She names you and several of your cousins as her beneficiaries. You happily accepted this role, but you have a problem. You haven’t talked to two of your cousins in over a decade. You have no idea how to reach them. […]
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Being the trusted executor of a friend’s or loved one’s Estate is quite an honor, and it may come with responsibilities that could feel daunting at times. Like all management roles, it takes organization, foresight, and attention to detail to be an effective executor. Probate is a legal process where a special court oversees the […]
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Some people think estate planning is only for the rich and famous. Some rich and famous forget to ensure they have a full and current estate plan. Both are mistakes and can cost your loved one’s time and money as your estate progresses through probate, and people have to guess your intentions. Prince, Whitney Houston, […]
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No, your child cannot take your home from you. Naming someone as the recipient of your property, even your house, in your Last Will and Testament does not give them any right to that property while you are still living. The Person Who Has Title to The Home Has Control Over It If you have […]
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The Harmless Error Statute Some states have adopted a harmless error statute that allows a document that does not meet the full legal requirements of a will to be considered valid and admitted to probate as long as you intended for it to be your will. Having a last will and testament is an estate […]
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Most people use wills and trusts to pass accounts and property to their loved ones upon their death. These basic legal instruments can be used separately or together. For example, a revocable living trust can be used in place of a will, but the two are not mutually exclusive. A special type of will known […]
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In today’s world, especially after the pandemic, nearly all business functions offer an electronic alternative. In the past, all the meetings were in the offices, now, people feel more comfortable holding most of their meetings online. In most cases, they are faster to execute, less expensive, and easier to implement. So too, documents that are […]
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HOW STRONG IS A HANDWRITTEN WILL? When Aretha Franklin, passed away in 2018, her family and lawyer initially thought she had died without a will.But in early 2020, three handwritten wills were found in Franklin’s home in Detroit. Two from 2010 were locked in a cabinet and one from 2014 was found hidden under a […]
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