Category: Estate Planning
Close attention should be paid to beneficiary designations, by reviewing them on a regular basis and changing them as needed. A recent discussion by the Wills, Trusts & Estates Prof Blog “Ex-Spouse Receives Bulk of Insurance Death Benefit” highlights the importance of following your attorney’s advice and updating your insurance beneficiaries to meet changing circumstances. […]
Parents who cosigned student loans for their children, who then passed away, no longer have to pay back New Jersey. The state of New Jersey has been known for taking a hard stand on student loans. However, it has now taken a reverse course, according to Financial Advisor in “N.J. Discharging Loans For Families of […]
If you make no provisions in your estate plan for your spouse, your spouse may elect to take his or her share and the court could alter your plans. There are several different ways to leave an inheritance to your spouse, according to The Times Herald in “Options for leaving an inheritance to a spouse.” […]
You don’t just need a divorce attorney, if you decide to go separate ways. If you end up needing a divorce attorney, it might be wise to consider an estate planning attorney as well, according to Nasdaq in “What to Do If You’re Divorcing Your Valentine.” Valentine’s Day can bring couples closer together or drive […]
“I love you” may not be the best approach in estate planning. The best way to express love for your spouse when it comes to estate planning may not be “I love you,” according to Wealth Management in “A Better Way To Say ‘I Love You’.” A “simple will” normally refers to a will made […]
The creation of a will should not be left to only older Americans. The majority of Americans do not have a will, according to a survey reported by The New York Times recently in “Why You Should Get Around to Drawing Up a Will.” The new survey, which reveals that only 42% of Americans have […]
There are five common reasons that fights break out within families over settling an estate. Family members can easily become embroiled in a battle over an estate. Sometimes it is just because family members don’t like each other. However, there are actually five common reasons for the disputes, according to Wealth Management in “Five Reasons […]
Since people can pass away at any time, it is wise to have financial plans in order. It does not have to be a difficult task to prepare and make some basic decisions for an estate plan, according to MarketWatch which offered some tips in “Prepare financially for your death, no matter how young you […]
An estate battle is often about lots of money, but sometimes it is about the small, but important items. Personal items, especially those located in the family homestead, may well be what sparks a big estate fight, according to Business Vancouver in “Wills: Leave’em laughing.” While you are alive, the personal items are unlikely to […]
Parents say they have discussed family finances with the children, but the children say it just isn’t so. In-depth conversations with the children about your personal finances are not happening nearly enough, according to Forbes in “The Last Taboo: Your Parents Still Won’t Talk About Their Money With You.” People who are not financial experts […]
