While researching estate plans, you may learn about different wills. Where does a living will fit into your plan? Mayo Clinic breaks down living wills and how they help protect your end-of-life wishes. Determine what to include on this will to take care of yourself...
As your loved ones age, they might grow increasingly susceptible to outside influence as their own mental faculties begin to weaken. Unfortunately, abusers and manipulators wait on the outskirts for these opportunities and they are not afraid to take advantage of the...
There are many components of your estate plan, but your will is the foundation. This document gives you the control to say what happens to your personal assets after you die. The American Bar Association states that your will also gives you an opportunity to name a...
Establishing an estate plan may seem like a daunting task. Not only does it require you to take inventory of your possessions and assets, but you must determine who you would like to receive your property. One of the most important components of creating your estate...
If you have not yet written a comprehensive estate plan, you are in good company. After all, according to a recent survey, more than half of Americans do not have even a basic will that outlines what happens to their assets after death. Still, to borrow from the old...
Some assets may pass on to your heirs without going through the probate court. As reported by U.S. News, properties held in a trust generally do not require a court procedure. Properties that you co-own with another individual may also not require going through...
When you decide to challenge the validity of someone’s will, you fight an uphill battle. Per FindLaw, 99% of all wills make it through probate intact, with any challenges found inadequate to overturn them. The main thing you need to remember about challenging a will...
You may add or remove assets transferred to a revocable living trust as often as necessary until your death. Your beneficiaries and the instructions regarding how your trustee should manage your property may also change. As reported by Kiplinger's Personal Finance, an...
As soon as you turn 18 years old, you are eligible to make out a will. You can then review and revise it as often as necessary to be sure that it is up-to-date and accurately reflects your wishes. According to CNN Money, a will is one of the most essential documents...
If you are in conflict with another party and you cannot come to an agreement to end the dispute, what is your next step? You could take the matter to court, but you might also find that mediation, which offers several benefits over litigation, is a better way to...
