When writing a will, many people want to prevent their children, beneficiaries and other loved ones from fighting over an inheritance. A parent or grandparent's desire to stop in-fighting may result in him or her writing in a no-contest clause. What happens if you...
The details of a will often involve the dividing up of the property to two or more children. In many cases, the writer of the will decides to equally divide these assets, but this might not always provide the best results. A variety of circumstances could change this...
If you are young and healthy, or even at an advanced age and healthy, you may not be spending too much time thinking about medical care in the future. However, unexpected things happen, and it is always good to prepare for them. If it is important to be in charge of...
It is crucial to have an estate plan ready in the event of your death, and a will plays an important role in it. But despite this, statistics show that the majority of Americans do not have any will or advanced directive. Instead, more people turn to the modern...
You probably already know that a last will and testament should play a significant role in your estate plan. Equally important is avoiding common mistakes when creating this essential document. According to AARP, it is easy to overlook certain things during will...
A will is an important document that outlines how you want to distribute property upon your death. For most people, the will is the foundation of their estate plan. According to the American Bar Association, the laws of distribution and descent determine who...
Having an estate plan in California is great, but neglecting to update it throughout your life can have detrimental consequences. Because elements of your plan address the use and fate of your assets, periodically verifying the function of your plan can guarantee the...
These days, thanks to the availability of information on an expansive number of topics, do-it-yourself providers have emerged in a number of fields, including estate planning. While the purported low cost and ease with which you can acquire estate planning documents...
Most Americans are aware that they need to have an estate plan, but current statistics suggest that only one in four Americans actually have either a will or an advance directive of any sort. Many people are turning to DIY will options available either online or...
When working on estate planning, there are many things to consider. Most people focus on asset protection and distribution, but it is also important to think about what happens if someone is unable to make medical and healthcare decisions. A living will is a legal...
