You have probably seen a movie or TV show that featured a dramatic threat of disinheritance. Too often, inheritance is portrayed-and actually used-as a bargaining chip in relationships. There are many legitimate reasons, though, that you may be considering it. If you are wondering what is involved in disinheriting one of your children, these four tips should provide some of the basic knowledge you need to know before proceeding with the process.
Divorce is often ranked as one of the most difficult life experiences. Most people consider the emotional challenges of going through a divorce and changes to the family structure. But there are many technical and legal aspects of a divorce, as well.
We live in a digital age. More and more of our business, financial, and personal lives are managed and housed online. As the digital age keeps progressing, questions arise regarding ownership and management of those assets after an individual dies or becomes incapacitated.
Estate planning for stepfamilies can be challenging - but it does not have to be a difficult or impossible task.
Creating an estate plan is important for individuals and families. Creating an estate plan does not have to be a difficult process, especially when working with an experienced attorney. But for many, it is a relief to have the process complete and necessary protections in place.
No one expects a catastrophe to happen. But they do: Car accidents, chronic or terminal disease, dementia. There is no way to tell what the future holds, but planning for it could mean the difference between leaving your kids a headache--or an inheritance.
Have you ever thought about what you'd like to happen to your assets after you're gone? Chances are you've given it at least a little thought. Maybe you joked with your child about the inheritance they'll get one day. Or perhaps you know that you'd like a cherished heirloom to stay in the family.
It is no secret that a will can be an enormously valuable document. A will can protect a person's kids, assets and various wishes after his or her death and shield family members from lengthy, contentious legal battles. It can also prevent certain parties from receiving money or property the decedent did not want them to have.
There are a lot of myths about estate plans that can cause people to make the mistake of not drafting one of these important documents. Perhaps one of the most persistent is the myth that you should only start considering an estate plan if you have a lot of money or property.
When it comes to pets and estate planning, few animals were as fortunate as Trouble. The white Maltese owned by Leona Helmsley, the late hotel magnate, received a $12 million dollar inheritance in 2007 -- a seemingly hefty sum if you do not take into account the dog's annual living expenses estimated at $190,000.