Disclaiming Inheritances
When someone’disclaims’ an inheritance, they refuse to accept all or part of it, whether it is money, real or personal property.
→ Read MoreWills
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What effect does moving to a different state have on a will?
What effect does moving to a different state have on a will?
→ Read MoreNo-Contest Clause: Why Have One?
In an effort to ensure their wishes are met and avoid disputes among family members a person may include what is called a no contest clause in a will or living trust document. The no contest clause is a legal specification that is designed to keep people from contesting the terms and statements of the will.
→ Read MoreDeeding a Home to Your Kids
Putting a child’s name on the deed in any manner’ by transferring the home to the child outright or making the child a co-owner (whether as a’tenant-in-common’ or a’joint tenant with right of survivorship’) gives the child a permanent ownership interest in your home.
→ Read MoreIf a person was mentally competent upon making a will and then becomes mentally ill, is the will still good?
The relevant question concerning the validity of wills is whether the person was competent at the time the will was made and executed (signed before witnesses). If the person was competent at that time, there is a valid will.
→ Read MoreSimple Will
A simple Will provides for the outright distribution of assets for an uncomplicated estate and can be done on an easy form from a stationery store, a book, or from a reputable legal document website.
→ Read MorePlanning for Your Disabled Child in Your Will
While routine estate planning can be daunting, planning for the care of your disabled child after you die can be a nightmare, and leaving an inheritance to a disabled child can create more problems than it solves.
→ Read MorePayment of Debts after Death
Administering an estate involves collection of assets, payment of debts and estate taxes, and distributions to the beneficiaries. This article discusses payment of debts by the executor of an estate.
→ Read MoreWhen does a will have to go through probate?
When a person passes away and leaves behind a will, there are certain set procedures and formalities that must be followed in order to legally account for and distribute the estate among beneficiaries. The filing of the will in court, referred to as admitting the will into probate, is a necessary step in almost every case.
→ Read MoreWhat if I No Longer Own What I’ve Willed?
Willing either something you no longer own or more property than you own can complicate settlement of your estate, and the rules for dealing with this situation vary widely from state to state.
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