If you have recently lost a loved one, you may be finding every day a struggle. Even if the death did not come as a surprise, coming to terms with the loss of someone close to you is difficult even under the best of circumstances.
For many people, putting off unpleasant tasks comes as a natural instinct, especially when the task in question does not seem all that urgent. Unfortunately, making a will often falls into this category.
When you are starting your first business, you probably experience high levels of excitement, hopefulness and drive. You may want to hit the ground running to reap the rewards of success right away.
Did you know that your assets may go through the probate process once you pass away? Unless you transfer your assets to your heirs through a living trust, pay-on-death accounts, gifts or joint ownership, much of your estate may go through probate before distribution.
Do you believe you are losing out on your inheritance? If so, you may be considering contesting the will. It is frustrating to learn that you are not receiving anything from your parent. A will contest is a lawsuit you may be able to file to invalidate the will.
Some older parents in Florida struggle with the notion of leaving their adult children inheritances. After all, their kids may be financially independent and have modest means to support themselves and their families.
You may have spent a great deal of time setting up your estate plans to provide for your family when you die. But if you forget to fund your trusts, all your hard work may be in vain.
This summer, the family of deceased Coast Guard captain Albert Frost almost lost the key to the city of Washington, presented to him in 1957. Only through a set of unlikely coincidences were they able to retrieve it before it was sold through an online auction.
Your estate planning checklist may consist of making a will, establishing a trust and creating an advance health care directive. If you have an adult child with special needs, however, that list should also contain one more thing: a guardianship.