Potential estate challenges should be taken into consideration when you are planning your estate. If you know that there is someone close to you who will not be happy with your decisions, don't ignore the potential fallout. Yes, you have the right to make your own choices, and you will not be around to hear any negative feedback. That being said, a disgruntled individual could potentially issue an estate challenge which could bring the administration process to a standstill. Even if it is … [Read more...] about Will Your Estate Be Contested?
We do not usually have the opportunity to hear about people passing away when they are relatively young adults or minors, but it happens all too frequently. The only time that we really hear this news is when someone famous passes away. One of these incidents rattled the collective consciousness recently when basketball great Kobe Bryant was killed in a helicopter crash. In addition to his 13-year-old daughter Gianna, a total of seven other people passed away in the devastating accident. … [Read more...] about Bryant’s Death Teaches Estate Planning Lesson
We often get questions about the most important estate planning document. Because so many people have made no preparations at all, they want to know where to begin. They figure that they should start with the piece that is absolutely essential and go from there. In a way, this makes sense, but there is no single answer that is right for everyone because primary estate planning objectives vary from person to person. What is most important for one individual may not be to the next … [Read more...] about What Is the Most Essential Estate Planning Document?
Estate planning is one of the basic responsibilities of adulthood, but studies that are conducted show that most people are unprepared for an event that is an absolute inevitability. There are some good reasons why you should consult with an estate planning lawyer if you have been ignoring the matter, and we will look at five of them here. Prevent Intestacy A lot of people are not too concerned about inheritance planning because they assume that the government will step in to take care of … [Read more...] about Five Reasons to Consult With an Estate Planning Lawyer
Any time you are involved in a complicated endeavor, it is wise to break it down step-by-step. This is certainly applicable to the estate planning process. In this post, we will take a brief look at the different relevant factors that you should take into consideration. Legacy Preservation One concern is making sure you have something to leave behind because you really don’t have to be too concerned about estate planning if you have nothing left to leave behind to your loved ones. How could … [Read more...] about Steps to Take Along the Estate Planning Process
Estate planning should be viewed as a relatively broad process that includes several different aspects. The ideal estate plan will vary depending on the situation, because each case is different, and there are multiple approaches that can be taken. That being said, there is a foundation that applies to everyone, and we will take a look at it in this blog post. Avoiding Intestacy The most basic reason why you should put an estate plan in place is to avoid intestacy. This is what happens if you … [Read more...] about The Fundamentals of Estate Planning
There is no one way to plan an estate. This is something to keep in mind if you are tempted by websites advertising do-it-yourself estate planning. You may find your way to a site that will allow you to download a generic last will or perhaps a living trust. It looks like all you have to do is pay a fee, download a form, and fill in some blanks, and you are all set. First off, consumer watchdogs such as Consumer Reports have advised against do-it-yourself estate planning because unintended … [Read more...] about Can a Trust Provide Asset Protection in Charlotte NC?
Any family that cares for a child with special needs must consider special needs planning as a part of their overall estate plan. Why? Because someone has to be able to take care of that child in the event of the parents’ death. A special needs trust can be just the solution you’re looking for. Parents of children with developmental disabilities and other special needs often face unique challenges when it comes to estate planning. A simple will or trust is not enough While the average family … [Read more...] about Planning For a Child With Special Needs
We all know that passing away is one of the two certainties of life, but in spite of this, the majority of American adults are not properly prepared from an estate planning perspective. A lot of people fail to act because they really don't know why estate planning is important. There are several things you should know about estate planning, and when you digest this information, you will understand why having an estate plan is essential. Our Ashland estate planning attorneys can provide the … [Read more...] about Why is it Important to Have an Estate Plan?
A legal matter can sometimes seem like an exercise in paper shuffling, and this mentality is often applied to the subject of inheritance planning. However, the estate planning process can be complex so let our Ashland estate planning lawyers help you get started now. Estate planning is unique so it takes time Each family is different, so there is no one-size-fits-all estate plan that will be perfect for everyone. There are those who assume that you can simply draw up a quick last will, toward … [Read more...] about When Should I Start My Estate Planning?