Do I Need A Co-Executor on My Will?

Most people designate one other individual to serve as a will’s executor, but you likely have the possibility of establishing two or more co-executors. Many estate planning attorneys will recommend that one executor is best since this avoids possible conflicts between two or more people, but there are unique situations in which it makes sense… Read More »

Celebrity Estate Planning Oddities: Harry Houdini

Often celebrities can provide interesting information about the estate planning process. All too often, this comes in the form of mistakes to avoid since too many celebrities never do their estate planning to begin with or fail to incorporate a holistic picture that would better protect them and their loved ones. However, celebrities can also… Read More »

Does a Will Ever Expire?

Many people have questions about what it takes to put together a will. It’s a mistake to assume that generating a will is a once and done kind of activity and this is because you may need to update your will over the course of your life. It is a misconception that a will expires…. Read More »

Why Does a Will Witness Need to Be Disinterested?

When signing your will, it is likely that you have scheduled a consultation with an experienced estate planning attorney, sat down and discussed what you intend to pass on to others. You can make minor mistakes that could turn out to be big problems in the management of your will after you pass away, and… Read More »

What is the Right Will?

Most people assume when they approach the estate planning process that they need a simple will. But the truth is that every person can benefit from having the right will. Determining the right will for you is based on many different factors, including the complexity or the simplicity of your gifting scheme and goals, contingency… Read More »

Is It A Good Idea to Store Your Will Online?

Medical directives and wills are increasingly being stored online in order to allow your loved ones to have access to these crucial materials as soon as possible. This is because far too many people have experienced the unfortunate situation of having to deal with a loved one who did not provide easy access to estate… Read More »

Review Your Will and Prenup Or Postnup Agreement

All legal documentation should be carefully evaluated after you file for divorce and preferably before if you have the opportunity. Two key legal documents that most people have executed and might forget about in the wake of the divorce are the will and any pre-nuptial or post-nuptial agreement. If your state allows you to execute… Read More »

Understanding the Difference Between Trusts and Wills

Many people who are approaching estate planning for the first time will have critical questions about the right documents to be used in the process. Many people may be under the impression that a trust is better than a will and may be curious about whether or not they can serve as the trustee of… Read More »

Top End of Life Documents You May Need to Consider

Most people know that they at least need a will in their estate plan, even though numerous studies indicate that non-North Americans have a will prepared. Your last will and testament should not be your final word on your end of life wishes.  When you put together these materials, it may help your loved ones… Read More »

Unusual Estate Planning Provisions and You

Unusual provisions in wills could be important for addressing your particular needs. However, it could also confuse your family members if you are not careful. Including final arrangements and funeral arrangements may be a mistake inside your will, because by the time your family members have uncovered your will, it is typically days or even… Read More »

Living Trusts Benefits Series: Avoiding Will Contests

Wills face a higher risk of being contested in court when compared with a revocable living trust. This is because a revocable living trust becomes effective immediately when the trust document is signed and will usually last for some time after the owner passes away. It will, however, only become into effect when a person… Read More »

Key Signs That Your Estate Planning Needs a Revisit

There are numerous different reasons why you may need to set up a consultation with an experienced estate planning attorney as soon as possible. What follows are several of the most common reasons that your estate plan may need a lift. These include: Wrongly titled or untitled assets. Sometimes the best laid plans can go… Read More »

What a Will Cannot Do

Although there are numerous benefits to using a will in your estate planning, it is equally important to be aware of some of the things that a will cannot do for you in the estate planning process. Here are some of the things that you cannot accomplish with a traditional will:   You cannot transfer… Read More »

Wills

Top Reasons You Need a Will

Have you been avoiding the estate planning process because you simply didn’t think you needed it? No matter the size of your estate, there’s a good chance that you and your loved ones could benefit from a basic will. Overlooking this aspect of estate planning, for which the basic will is often a cornerstone, could… Read More »

Wills