When it comes to estate planning, many individuals believe that dividing assets equally among adult children is the best choice. However, there are situations in which leaving each child the same amount might not be practical. For this reason, it is important to know the difference between an equal
Leaving a Timeshare to a Loved One
Timeshares are a popular piece of property for people who enjoy vacationing. But timeshares can create complications when it comes to estate planning. If you have a timeshare you need to consider how it will be handled in the event of your death. You may have some options in how to handle the
People. The Essential Component of Your Estate Plan’s Success
Properly drafted estate planning documents are integral to the success of your legacy and end-of-life wishes. Iron-clad estate planning documents, written by a knowledgeable attorney can make the difference between the success and failure of having your wishes carried out. However, there’s more to
7 Reasons Young People Should Write a Last Will and Testament
Imagine if writing a last will and testament were a pre-requisite to graduating from high school. The graduate walks across the stage, hands the completed will to the principal, and gets the diploma in return. Now that might seem a little extreme, but the truth of the matter is all adults should
Preventing Will Contests
So, you have a will, but is it valid? A will can be contested for a multitude of reasons after it is presented to a probate court. It is in your best interest to have an attorney draft the will to prevent any ambiguity in the provisions of the document that others could dispute later. A will may
Guardianships & Conservatorships and How to Avoid Them
If a person becomes mentally or physically handicapped and can no longer make rational decisions about their person or their finances, his or her loved ones may consider a guardianship or a conservatorship court proceeding. In a guardianship an individual known as a guardian is court appointed to
Should a Power of Attorney be a part of my Estate Plan?
A durable power of attorney is an important part of an estate plan. With a power of attorney a preselected agent can be granted power over the financial affairs of the individual signing the document. This power can be limited to specific decisions, like handling the closing of a real estate sale,
A Primer on Advance Medical Directives
While the main objective of estate planning is to help individuals protect their assets and provide for loved ones, there are other important considerations, such as planning for incapacity. In short, it is crucial to plan for the type of medical care people wish to receive if a serious accident or
Leaving instructions that go beyond your Will and estate planning
We all need a Will if we have any assets that we are going to leave behind but often extra care is not taken with specific instructions. These specific instructions could have a life changing difference to your children which are without a doubt your biggest asset, no matter how wealthy you