Partition | William G. Peterson

What Is A Partition?

On behalf of Peterson Law Office, LLC | Aug 2, 2012 | Ale Of Asset, Bill Peterson, Firm News, Partition

One of the more interesting legal tools I’ve used is called a partition. Simply put, a partition legally splits an asset or property amongst owners who are in a disagreement on how to handle it. Let me explain with a couple of examples. A Few Examples...

Estate Planning To Avoid Lateral Transfer Of Wealth In Blended Families

On behalf of Peterson Law Office, LLC | Apr 29, 2011 | Assets, Blended Families, Deceased Spouse, Estate Planning, Family Inheritance, Firm News, Lateral Transfer Of Wealth, Partition, Step Children, Will

What Happens After You Pass Away? When you die and if your spouse remarries, will your spouse’s new husband or wife and the stepchildren inherit your children’s share of the family inheritance? This may be difficult for some people to think about, but it...