Dividing a loved one's estate is often complex and emotional. Feeling confused, upset or betrayed is natural if you have been left out of a will or trust. The good news is that there are legal avenues you can explore to address the situation. You have the legal means...
Year: 2024
How do POAs interact with other estate planning documents?
A power of attorney (POA) is an essential part of an estate plan, but it does not work alone. POAs interact with other estate planning documents, such as wills and trusts, to create a comprehensive plan for managing assets and making decisions. Understanding how...
How to choose the best guardian for your children
Choosing the right guardian for your children is one of the most important decisions you make as a parent. Your estate plan reflects not only your assets but also your hopes and priorities for your children’s future. There are some important factors to consider when...
How does undue influence affect the validity of a will?
Imagine learning that your loved one's will has changed dramatically in their final days. You're shocked to discover that a caregiver or distant relative now stands to inherit most of the estate. This unsettling scenario often signals undue influence. Unfortunately,...
How can trusts protect assets from creditors?
Trusts can be helpful tools for keeping your assets safe from creditors. By properly establishing and managing a trust, individuals can secure their wealth for future generations while reducing the risk of losing assets to lawsuits or unpaid debts. Types of trusts...
Can an executor be held liable for mismanaging estate funds?
An executor plays an essential role in administering an estate after someone passes away. However, the position comes with significant responsibilities. In California, an executor can be held liable if they fail to manage estate funds properly, causing financial harm...
Are DIY wills effective for estates with foreign assets?
When it comes to estate planning, many turn to do-it-yourself (DIY) wills to save time and money. While these wills may seem sufficient for simple estates, they pose significant risks for those with international assets. Differences in international laws Every country...
When can family members challenge non-traditional estate plans?
Non-traditional estate planning methods, like using digital wills or naming non-family beneficiaries, have become more common. However, these methods can sometimes lead to disputes. Family members may challenge these plans under certain circumstances. Lack of...
What challenges do foreign assets create in estate litigation?
Foreign-held assets can make estate litigation more difficult. When an estate includes property or money in other countries, legal issues become more complicated due to different laws and taxes. Executors may need to navigate unfamiliar legal and financial systems,...
How can chronic illness impact the contents of an advance directive?
Having an advance directive in place is essential for those with chronic illnesses. As health conditions change over time, it is important to regularly update these documents to reflect evolving needs and wishes. Monitor changes in health status Chronic illnesses...