There’s actually no limit on the number of wills that you may write in your lifetime. Life can change, and your will should reflect things like births in the family, deaths, the evolution of your personal relationships and the ups-and-downs of your fortunes. It’s not...
A trust is a powerful tool and a smart thing to include in your estate plan. However, there are limitations. For example, the trust will only be as good as the trustee you choose to administer it. The trustee you choose has complete control of the assets you put in a...
There are many different types of trusts that you can use and many different ways to set them up. It's all about identifying your own goals and then determining what will work best in that case. One type of trust is known as a discretionary trust. Unlike something...
Creating a will is the responsible thing to do. After all, it ensures that your assets are distributed based on your wishes and helps reduce the likelihood that your estate will have to go through probate. When you create a will, making sure you do it right is...
Businesses can fail at any time, but major transitions are when an organization will be particularly vulnerable. The departure of an executive, manager or owner due to death, health issues, criminal prosecution or retirement doesn't always mean that a business will go...
You know that you'd like to use a trust to leave money to your grandchildren. They are still minors, so you don't want to leave them the money directly, but you want to make sure that it's there for them. The problem is that you don't know exactly what the future...
You have an autistic child, and you love them with all your heart. They’re high-functioning, so they don’t need a legal guardian to handle all major decisions for them. You are worried, however, how they may fare once they come into their inheritance from you – and...
When you create an estate plan or draft a will, the documents instruct others about what to do with your property when you die. The executor handling your estate will have to present your will to the probate courts and then use it to administer your estate. Given how...
If a guardian is chosen for an elderly individual who is incapacitated in some way, there could potentially be conflicts between what the two parties think is the best decision. After all, that incapacitation may not mean that the elderly person is physically...
You might have very good reasons to disinherit some or all of your family members. But if you fail to follow strict legal protocols, they could mount successful will challenges and still gain access to your estate. But you can reduce those odds significantly by...
