As you do your estate planning, it is important to create a health care directive and a power of attorney. This can give your family members some guidance so that they know what to do if you cannot make your own decisions. For instance, if you suffer a stroke and go...
As part of your estate planning, you may need to pick out a legal guardian. If you pass away while the children are still minors, you know that someone will be there to take care of them. This person may also help transfer your estate to the kids as you designate....
Parents often try to avoid estate disputes by leaving property to children in equal amounts. While this can help when it comes to stocks, bank accounts and other such assets, it can actually cause disputes when it involves real estate. For instance, imagine that you...
An irrevocable trust is one that you typically cannot modify, amend, revoke or change in any way. There are rare situations that allow for some alteration, but, generally speaking, the trust has to stay exactly as it was when you set it up. The assets are no longer...
Far too many people pass away without any type of estate plan in place. They do not even draft a will. This can happen to famous, wealthy people -- the very people you would think would be most conscious of the need for a plan -- and to those with far fewer assets....
When you begin planning your estate, one of the primary objectives is to minimize the possibility of dispute amongst family members once you have passed away. This can be tricky, and even the most airtight estate plan does not guarantee that a family member will not...
One issue that may arise while dividing up a person's estate is that of undue influence. In some cases, this can be used to contest a will. Generally speaking, undue influence is when a person in a position of power, authority or trust uses that position to manipulate...
Have you ever heard of a family fighting over a parent or grandparent's estate? Did you just shake your head, wondering how it could have come to this? Maybe you saw how the estate dispute caused irreparable damage to the heirs' relationships. While estate disputes...
Death is never a good topic, but planning for it can do our families and friends a lot of favors. The right last will and testament can make it much easier for your successors to make sense of your intentions and execute your wishes after you are gone or if you cannot...
When it is time to deal with the loss of a loved one, the last thing you want is to be confused by his or her last wishes. Last wills and testaments, as well as trusts and other legal structures, can be hard to understand and it is easy to disagree with friends and...