You want to protect your assets, even when you are gone. Thankfully, estate plans are helpful tools for parties to use to designate specific assets and their distribution.Consider a few essential elements to orchestrate the proper care of your estate, such...
Year: 2018
4 times when contesting a will probably makes sense
Few family arguments have the potential to explode faster than a discussion about dividing property after a loved one dies. If your family is fortunate, your elderly parent executed a well-written will before death. Still, wills do not always completely resolve family...
Personal Reps of an estate: How to defend against a will contest
If you are the personal representative or executor of an estate, you may encounter some obstacles as you assume your role and fulfill your duties. Beneficiaries of the estate may start to doubt the validity of the will, question your authority or squabble amongst...
Prepare for collection calls when a loved one dies
It is an unfortunate reality that many people these days end up dying with debt. One report published by TIME Magazine found that approximately 73 percent of Americans die with some amount of debt. The average debt a person dies with is over $61,000, which...
3 things you should know about second marriages and wills
Entering into a second marriage is becoming more common in the United States. Whether a second marriage is the result of the death of a spouse or divorce, the rates are on the rise. When it comes to matters of estate planning, things may get tricky when remarriage...
Hiding assets in a divorce can have long-term consequences
Couples facing a high-net-worth divorce are already looking at a process that is likely to be long, complex and, perhaps, very public. If one spouse is hiding assets, the risks will outweigh the benefits, and the unintended consequences could stretch far into the...
Family inheritance talks make some millionaires nervous
Sooner or later the subject of inheritance comes up in wealthy families. Parents become concerned about how inheriting large sums of money affect their children. A sit-down family discussion is not always the best way forward, and some wealthy parents get the point...
3 common executor mistakes
When your loved one or close confidante entrusts you with taking care of his or her affairs after passing on, you have a serious responsibility on your hands that requires careful consideration and attention to detail. Taking on the role of executor over...
Review this checklist before signing a business contract
The contract is one of the most important building blocks of a successful business. It is a part of almost all business relationships, so undoubtedly you will be signing many as you grow your company.Because contracts are so standard, or maybe simply because you are...
Finding a piece of family history is a priceless discovery
When a loved one passes away, sorting out a lifetime of belongings often yields family treasures, but sometimes we overlook the most precious items. That is what happened to the family of a former Coast Guard officer, but an odd coincidence forestalled what could have...
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