Category: Estate Planning
What should be done ahead of time, if family members do not get along? The issue of blended families and dealing with trust issues while estate planning, was recently discussed in a Market Watch advice column titled “My mother-in-law is deceitful — can we stop her from stealing my wife’s inheritance?“. In this particular case, […]
What is best for your estate plan under the current political climate? A good estate plan does not work in a vacuum, but avoids generalizations about tax laws and creates a unique plan that will work for your family. The recently passed tax law creates a challenge, according to Financial Planning in “Avoid ‘dangerous’ planning […]
Even if your estate is small, you should consider a living trust. The probate process is very different, depending on your state of residency. That should be considered when creating an estate plan, according to the Los Angeles Times in “Why setting up a living trust may be wise, especially in California.” In some states, […]
Just what does an estate plan give you and your family? Many people do not think carefully about the laws of intestate succession and how their assets would be distributed, so an estate plan can be really beneficial, according to an Investopedia article in “Leaving a Legacy: Why You Need An Estate Plan.” The discussion […]
Without guidelines, the responsibilities of maintaining property by a life tenant can grow into big problems. Giving a person life tenant rights can be a good way to avoid some family conflicts and make sure that property stays in the family. However, it can also create different conflicts, according to the Edinburg Review in “Designate […]
Challenging a will may be easy. However, winning the suit isn’t. When a will is written that results in granting what someone wants other than the testator, it is known as “undue influence,” according to My Prime Time News in “Undue Influence.” Undue influence can happen when someone who benefits from a will encourages the […]
It is a good idea to find out how a power of attorney will fit your unique circumstances. Powers of attorney can be easily obtained online. However, some of the issues they create can be masked, according to MD Magazine in “Five Questions to Ask About Your Financial POA.” The problem is that form documents contain […]
The new tax law has enough big changes that you need to review your estate plan to make sure that you are taking advantage of the best options in the new environment. It is a good idea to review your estate plan with sufficient frequency to make sure it still does what you want in […]
A Tennessee woman has given birth to a baby, after the successful implantation of an embryo that was frozen 24 years ago. The medical world is making advances in many fields, including all kinds of technologically enhanced pregnancy and birthing methods. Eggs, sperm and embryos can all be frozen today and used later to create […]
It might not be possible at this time to pass away and be brought back to life years later, but it could be some day. That could make estate planning challenging. A relatively small group of people is determined to prove that human remains can be frozen and brought back to life later by scientists. […]
