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It is possible you may not be confident of the intentions of your in-laws. There is often tension between in-laws. Someone in the U.K. recently expressed concern on how to protect a child’s inheritance from a bad son-in-law, according to the This Is Money advice column “I have a terminal illness and our son-in law […]
When a spouse passes away, some elderly women need help with handling finances. Many women defer family finances to their husbands. This is especially true for older women, which can leave the women ill-prepared to handle things after their husbands pass away, according to The New York Times in “Helping Women Over 50 Face Their […]
Troy and Tiger included in New York woman’s will. Pets seem to becoming more important in family life than in the past. A New York woman left behind specific instructions on caring for her cats, according to Fox News in “New York widow leaves $300G to her cats.” A New York widow named Ellen Frey-Wouters […]
No-contest clause makes people think twice before challenging will or trust. A way around the problem of challenges to a will or trust is to include a no-contest clause, according to Press Enterprise in “The Pros and cons of the no-contest clause.” A no-contest clause helps prevent these challenges. It simply states that anyone who […]
Physician-assisted death law creates dialogue between doctors and patients. The Los Angeles Times recently reported an unexpected benefit of the physician-assisted death law in California, according to the Los Angeles Times in “There’s an unforeseen benefit to California’s physician-assisted death law.” One thing the law does is force physicians to talk to their patients about […]
People are not generally allowed to cut spouse off from inheritance. It is not a simple matter to disinherit your spouse, according to the Times Herald-Record in “A spouse’s inheritance rights no simple matter.” The details vary by state, but a surviving spouse has the right to make what is known as a “spousal election.” […]
It is quick and it is easy. However, you really don’t want to go down that road. It is a new trend. You go to a digital site that offers wills, you answer a few questions and sign it digitally. Now you have a will, right? No, actually you don’t, according to the Jewish Link […]
The estate tax may be repealed. However, that does not eliminate trusts as valuable tools in estate planning. An estate tax can take a considerable bite out of an estate. Reducing that threat is often a main focus of creating an estate plan. However, even if the estate tax is repealed, the trust remains a […]
The mistakes may not be estate planning mistakes. However, they can have a big impact on your estate plan. The idea of an estate plan is to have a plan to distribute your assets and handle taxes, court costs and attorney’s fees, without them having a major negative impact on the family left behind. While […]
The amount of assets you have do not make a difference: you still need an estate plan. Very few people in the U.S. are wealthy, but they still need an estate plan, according to the Napa Valley Register in “New dad wonders about estate planning.” One thing people with limited assets should understand is that […]
