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When you are looking into estate planning, one of the things you should remember is that it’s not all about passing on your assets. Certain parts of your estate plan are there to help protect your best interests and to make sure you’re cared for the way you want to be...
Many people feel that having a will is enough to help their family avoid probate after their death, but that isn’t necessarily the truth. A will doesn’t necessarily avoid probate, though it may make probate faster and easier. If you want to avoid probate, you need to...
Estate planning may not be a particularly fun process, but it is still very important. Putting the right documents in place now will protect you if you experience a medical emergency. It will also establish the legacy you want to leave behind, thereby protecting the...
Unequal bequests may create all manner of issues for a family after a parent’s passing, including increasing the odds of an estate dispute. When one person gets less than their siblings or other members of the will, they don’t always take it well. The perception of...
Parents often spend a long time thinking about the best and most reasonable way to split property among children in their estate plan. Some parents opt to evenly split everything among them. Others assign specific assets to certain people. Either approach has benefits...
When you die, the biggest assets that you leave behind can help provide for your family members. Other than retirement savings or a life insurance policy, your primary residence is probably your most expensive asset. Whether you expect your family members to live in...
Will contests sometimes occur when people who stand to inherit an estate, or who have been dropped from an estate plan and will, argue that they should get more than was left to them. To avoid this kind of trouble, one of the things you can do is set up a no-contest...
Michael Jackson’s estate has been involved in a dispute with the Internal Revenue Service for some time. The Internal Revenue Service had used an appraiser for the deceased celebrity’s estate, and the judge on the case made note that the appraiser was not necessarily...
Despite people often using the terms interchangeably, a last will is not the same thing as an estate plan. A last will is a specific document that many people include in their estate plan. An estate plan is a comprehensive plan that includes multiple documents and...
When people do not create a plan for their assets, surviving family members must address estate settlement issues. Interested parties go through a legal process known as probate to resolve problems, such as handling the will, paying the deceased's debts and appraising...
