Category: Will
Almost anything can be done digitally today. However, strict rules make it difficult for wills to follow suit. Legal tradition calls for wills to follow strict procedures and be signed and witnessed to be accepted in probate court. However, the law is beginning to adapt in ways that will make electronic wills possible, according to the […]
You don’t get a say in the distribution of your assets unless you make a plan and get it written down. What happens to your assets when you pass away isn’t as simple as the people important to you automatically getting what they want, according to the New Jersey Herald in “Put your plans in […]
Troy and Tiger included in New York woman’s will. Pets seem to becoming more important in family life than in the past. A New York woman left behind specific instructions on caring for her cats, according to Fox News in “New York widow leaves $300G to her cats.” A New York widow named Ellen Frey-Wouters […]
No-contest clause makes people think twice before challenging will or trust. A way around the problem of challenges to a will or trust is to include a no-contest clause, according to Press Enterprise in “The Pros and cons of the no-contest clause.” A no-contest clause helps prevent these challenges. It simply states that anyone who […]
It is quick and it is easy. However, you really don’t want to go down that road. It is a new trend. You go to a digital site that offers wills, you answer a few questions and sign it digitally. Now you have a will, right? No, actually you don’t, according to the Jewish Link […]
If you do not fund a trust during your lifetime, then probate gets involved. A living trust can get confusing and mistakes can be made, if you don’t pay close attention, according to the Times Herald-Record in “Importance of funding a trust.” A key to the living trust is that you need to transfer your […]
Many important subjects need to be discussed before your first baby comes along. However, don’t forget to consider key issues, such as health insurance, finances and guardianship. In the frenzy of making plans for your first baby including the route to the hospital, names and nurseries, it is important not to forget financial arrangements, according to […]
We may be the richest nation in the world but do things seem to be going right? Many of us may feel powerless to change things around us whether it is politics, terrorists, protesters or the economy. However, perhaps we all can do something to make things better with our estate plans, according to the Rockford […]
A will may be cheaper than a trust now. However, that may not be the case in the long run. Many people decide on wills instead of trusts to save time and money. The problem with that thinking is that a will is more expensive overall than a trust, according to the Times Herald-Record in “Trusts […]
It just doesn’t make sense to fill out an online form and take the risk of future problems. There is no actual advantage to creating an online will, because you might save now but, in the long run the bill could get very high, according to MoneySense in “Danger of DIY Wills.” The one advantage […]
