Category: Will
“You probably anticipate living on a fixed income in retirement. However, you may not expect how much your spending will fluctuate. Many individuals tend to shell out more money at the outset of retirement, due to lifestyle adjustments or travel.” Starting retirement with a bang can make a big dent in your nest egg no […]
“Your will may be the most important document you’ll ever write. The problem is, after many of us draft one, we put it somewhere for safekeeping and don’t look at it again. That can be a big mistake.” Lives change, and laws change. People come and go in our lives, through birth, death, marriage and […]
“A No Contest clause is a paragraph that can be included in a Last Will and Testament or a Trust, which makes it clear that anyone who challenges the validity of the document or the way it distributes or manages the assets of the estate will receive less than what the document would have otherwise […]
“Although most people would not want a court proceeding on death, many people mistakenly think that a will avoids one.” A Will, also known as Last Will and Testament, is a legal document that is used in probate court if a person dies with assets that are in their name alone without a surviving joint […]
“Most of us have heard the quote from Benjamin Franklin, ‘In this world, nothing is certain except death and taxes.’” No one actually enjoys paying taxes, and few of us really want to think about our own death, but both require advance planning and careful consideration, advises Ohio’s Country Journal in the article “Death and […]
“Sometimes the persons involved either die simultaneously, i.e., too close in time to determine clearly who survived the other or die very close in time to each other.” There are any number of ways a person can inherit assets from another person. They may inherit assets from a trust, through a will or as a […]
“The father of our country crafted a finely detailed and surprisingly personal will to protect his family and his legacy. Follow in his footsteps, by keeping these three principles in mind: communication, clarity and customization.” Estate planning for those you love can dramatically change your family for generations. Did you know that in his last […]
It is a scary topic and easy to decide to avoid the issue. If you make end-of-life decisions ahead of time, it can really turn out to be a kindness to family and friends who won’t have to make those difficult decisions, according to the Flagstaff Business News in “Easing the End-of-Life Transition with Advance […]
Children may not have to make as many major decisions at a difficult time in their lives. Elder law estate planning can make the lives of adult children easier by setting major goals and tasks in the process, according to the Times Herald-Record in “Three ways for seniors to make things easier for their kids“. […]
No will or trust? The estate is most likely going to probate court. Transfer on death accounts can avoid some assets from going through probate. However, it is important to know that the laws governing TODs vary from state to state, according to Yahoo! Finance in “Transfer on Death (TOD) Accounts for Estate Planning“. Here’s […]
