Should Each Child Receive the Same Inheritance? There are many situations in which equal division of assets among children is the obvious and right choice. Yet, in some families, each child receiving the same inheritance can be inappropriate, deplete the estate’s assets due to ensuing litigation, or cause other family issues after you are gone. […]
Most estate planning attorneys will help you craft an estate plan that minimizes or avoids probate altogether. Probate proceedings are part of the public record and can be very time-consuming and expensive. However, in nearly every case, some probate is necessary, so it is important to understand how to navigate the process. Probate proceedings seek to validate
While banking and bill-paying can become more challenging with age, incapacitation by accident or sudden illness can strike anyone and at any age, creating the same challenges. Incapacity is not just about mental cognition, accident, or illness. You may have a loved one who cannot drive themselves to the bank or has a distinct visual
When people, or family members, become quite elderly or ill, they also become susceptible to manipulation from those who will defraud or steal. Targeted attacks on vulnerable older people to exert what attorneys deem “undue influence” constitutes elder abuse. It disrupts the older persons’ impulse to provide for loved ones and instead leaves assets to
Estate Planning and Undue Influence Over a Will-maker Read More »
If someone has chosen you to be the executor, or personal representative, of their estate, they felt that you would be a trustworthy person to carry out the tasks associated with handling their assets and affairs after their death. Even though the decedent nominated you to be their executor, you will still need to be