Take the squabbling between siblings you’ve had to endure and referee as a parent. Now multiply it times age and money. That might give you some idea of the need to make your final wishes clear when the time comes to divvy up your assets.
When preparing testamentary documents, such as wills and trusts, protecting beneficiaries with disabilities should be a priority.
When you fail to plan for your death, your heirs may end up fighting.
What are elderly persons who are without children or other family to serve as caregivers supposed to do?
If you are getting remarried, you obviously want to celebrate. However, it is also important to focus on less exciting matters, like redoing your estate plan.
Children are treated fairly when it comes to inheritance. But “fair” doesn’t always mean “equal,” especially if your family situation or assets are complicated. In some circumstances, giving kids equal inheritances may not be the best option.
Among the key benefits of having a will and estate planning lawyer is the peace of mind that comes with knowing your affairs are in order.
The family vacation home is often a point of pride, a place for reconnecting and making memories. A vacation home, whether it’s in the mountains, near the sea, on a lake, or on a farm, can have sentimental as much as economic value.
The “step-up” in basis has to do with the calculation of the capital gains on the sale of property.
If you haven’t properly accounted for these things, your heirs may not be able to access these assets when you’re gone.
