Category: Will
Before sending your recent high school graduate off to college, there are a few things that you need to make sure that they have beyond spending money and a new wardrobe. Your child might have graduated as the valedictorian of his or her high school class and might be going off to a well-regarded university […]
The Florida legislature recently passed a bill allowing electronic wills. However, the governor sees it differently. Legal documents created online are now very common. However, for wills to be valid, they must be executed and witnessed in a specific way. That process is not generally electronic. Following the trend, the Florida legislature recently passed a […]
An estate planning attorney is the right person to answer this question. The key to determining what the best estate planning option is for you, is for you to decide. However, you may want some advice, according to Madison.com in “Is a Living Trust Right for You and Your Family?.” Trusts do have many benefits over […]
If you leave them a large inheritance, can they handle it? The goal of determining the correct amount of an inheritance that will help your children, yet not hinder them in creating their own careers, is a challenge, according to the Wills, Trusts & Estates Prof Blog in “New Focus for Estate Planning.” The key […]
If you are considering an estate plan, you need to take a close look at a trust. Trusts are not always better than wills. However, there are at least five scenarios that put trusts out front, according to Wicked Local Norwood in “Five Ways in which a trust is better than a will.” Those reasons […]
There are some basic estate planning mistakes. Some of them are revealed in a podcast. John B. made some basic estate planning mistakes in a podcast, according to a Wills, Trusts & Estates Prof Blog discussion in “Estate Planning Lessons from John B.” Millions of people tuned in to hear the story in Serial of […]
Cash for expenses should be included in an estate plan. Some advice on how to plan for your family to access cash while your estate is being settled comes from South Africa by way of Personal Finance in “Will your family avoid a cash-flow crisis on your death?“. The advice is equally applicable in the […]
You can create your own will. However, mistakes can turn out to be costly. There are hidden dangers in creating your own will, according to The New York Times in “Wills Can Avert Family Warfare, but Have Their Own Hidden Traps.” Most Americans do not have a will but a greater percentage of Americans have them […]
In order for your will and other estate planning documents to be useful, it is important they get into the hands of your executor. Many people believe that a safe and secure place for their estate plan is in a safety deposit box at a bank. However, it turns out that isn’t true, according to […]
Probate does not have to be an ugly word that calls up nightmares. One of the most frequent questions addressed to estate planning attorneys is how to avoid probate, according to Forbes in “Probate, Wills, Executors: Your Estate Planning Questions Answered.” Probate, which is actually just the type of court where a will or estate […]
