by Christine | Sep 2, 2015 | Estate Planning, Wills |
It is not unusual for wealthy parents to guide their children in their life choices while they are alive, and it’s also not unusual to control how heirs spend their inheritances. But using an inheritance as an incentive to reach specific benchmarks is a new one on us...
by Christine | Sep 1, 2015 | Estate Planning |
A trust that rewards heirs for desired behavior is known as an “incentive trust.” These kinds of trusts are popular among those who fear that their beneficiaries will not treat their inheritances with respect and are likely to waste vast amounts of resources....
by Christine | Aug 31, 2015 | Disinheritance, Estate Planning, Trusts, Will Contest |
Wealthy mining magnate Harry Magnuson thought that his estate plan was all settled, and it was, while he was alive. But his wife did not follow the plan he had created, and as a result, one of the Magnuson children is now suing his siblings over an inheritance. When...
by Christine | Aug 28, 2015 | Advanced Health Care Directive, College Planning, Durable Power of Attorney For Finances, Estate Planning, Wills |
Unless you have the proper legal documents in place, once your child turns 18, you no longer have access to their health information or academic information and most importantly, you do not have the legal right to make medical decisions on their behalf. Preparing...
by Christine | Aug 27, 2015 | Estate Planning, Trusts |
Having a trust sounds like something that only wealthy people need, but trusts are useful estate planning tools for regular folks too. Trusts foster better control over how assets are distributed among heirs. When properly designed, trusts can also ensure that...
by Christine | Aug 26, 2015 | Estate Planning, Living Trust, Living Will, Trusts, Wills |
The simple and unpleasant truth of estate planning is this: few people enjoy spending time contemplating their own mortality. Estate Planning requires recognition that at some point in the future you will no longer be alive, which leads to anxiety. This is the biggest...
by Christine | Aug 25, 2015 | Beneficiary Designation, Estate Planning, Wills |
Laws that govern wills, trusts and estates are far too complex for wills to be do-it-yourself projects, but putting your wishes into an estate plan with a qualified estate planning attorney is one of the wisest financial planning moves you can make. Your heirs will...
by Christine | Aug 24, 2015 | Disinheritance, Estate Planning, Will Contest |
On September 25, a settlement conference in the battle between the widow of baseball legend Ernie Banks and his longtime caretaker will be held in an attempt to resolve divvying up his estate. This will be the first time that Elizabeth Banks and the caretaker, Regina...
by Christine | Aug 21, 2015 | Disinheritance, Estate Planning |
In most cases, as long as basic principles are followed, a person is entitled by law to leave whatever he or she wishes to their heirs. There are no requirements to leave assets to adult children, but a recent ruling in a London Court of Appeals may change this. When...
by Christine | Aug 20, 2015 | Estate Plan, Estate Planning, Wills |
The classic story of a vulnerable wealthy elderly person being influenced by a caretaker who seeks to enrich him or herself has been updated in a dispute between a disinherited brother and psychiatrist/girlfriend of a Texas woman who is alleged to have been...
