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. While the answers depend on your family
Protecting Loved Ones from Undue Influence As people age or face serious illness, they can become vulnerable to manipulation by those seeking to defraud or exploit them. When someone pressures or deceives an older person into changing their estate plan, attorneys call it “undue influence.” This is a serious form of elder abuse. Undue influence
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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
Guardianship for an Aging Parent: When and How to Step In As parents age, they may lose the ability to make informed decisions about their health, finances, and daily life. This decline can result from Alzheimer’s disease, dementia, mental illness, stroke, brain injury, or other serious health conditions. If your parent has not created a
If you are part of the Baby Boomer generation, you are likely retired or quickly approaching retirement. You may be thinking about how you will spend your new-found free time, planning trips you have wanted to take, or spending more time with your children and grandchildren. These are good things to think about, but you