Many people think about writing a will later on in their life -- for example, after the age of 65. However, estate planning experts often argue that this is too late. All people should consider planning their estate so that they have peace of mind.How early is...
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Wills
Understanding pour-over wills when planning your estate
When planning your estate, it is important to know information about the different types of wills available to you. Equipping yourself with all the details will help you to make wise decisions and will mean that your beneficiaries will stand to inherit as much of your...
Taking the first steps in creating an estate plan
As you get older or as your children grow up, the importance of having a good estate plan will likely occur to you. Before you start estate planning, it is a good idea to make sure that you understand all the aspects that go into the creation of an estate plan, and...
Is it worth it to challenge a will?
Losing a loved one is always a stressful and emotional time. With it also comes the need to organize your loved one's finances and often it is necessary to go through the process of probate. When learning of a loved one's last will, you may be surprised or believe...
A will should be specific to your unique case
Many people assume that a will is a cookie-cutter document, something that works the same way for everyone.Who do you want to get the house? What about the contents of your bank account? Who gets the car? It's not that these aren't important questions, but they don't...
Avoiding probate and creating a legacy
At some point, we all have to face the realities of passing our estate over to our children and other family members. Although it might not be the most uplifting of things to organize, it is a great way to start thinking about the legacy that you wish to leave for...
Preventing a contestation of a will
A successful contestation of a will cannot simply come about because a member of the family is not happy with the will. Going through the process of the contestation of a will is not a simple one, and it also demands that there are valid grounds as to why the will is...
What are shared marital trusts?
When married couples start to plan their estate, they may realize that it is much more practical to set up a trust that they share together rather than to set up one individually. This process is known as a shared marital trust, or a shared living trust. Trusts mean...
How to avoid having your will contested
When planning your will, you must have in mind all of the possible scenarios that could result after your death. You cannot take it for granted that your wishes will be blindly accepted and welcomed among all family members and loved ones.There may be tensions,...
Ways to tell if a will is indeed valid
While each state has their own respective requirements for how wills must be written in order to be deemed enforceable, there are many commonalities that are nonnegotiable must haves.First, the individual drafting the will must be over 18 years of age. The only cases...