When it comes to planning and managing an estate, most people think of naming adult children or financial advisors as the key players. However, involving grandchildren in estate administration can be practical and deeply meaningful in multigenerational families. ...
The shock of learning that your parent didn’t include you in their will or anywhere in their estate plan can be devastating on top of such a significant loss. Even if you hadn’t been close in many years, you likely expected to receive something – especially if you...
Creating an estate plan is a multistep process that involves taking an inventory of assets and determining who should receive what when you pass away. Once you know that information, you have to decide what method to use to get those assets distributed. Some people...
If you ask people why they haven’t written a will, one thing that they often say is that they don’t think they need it at their age. Generally, these people are relatively young, and they assume that estate planning is something they’ll do in 20 or 30 years. Most...
Last year, Nevada’s reputation as a good place to set up a family trust made worldwide headlines. That’s because media scion Rupert Murdoch and his oldest son Lachlan sought a modification of the Murdoch Family Trust held in Nevada. This irrevocable asset-protection...
Creating an estate plan means that you have to do more than provide instructions about who gets which assets. Making plans for who will make decisions about your finances if you become incapacitated is another important task. A financial power of attorney is a tool...
There are many different estate planning tools to choose from and you might be wondering where to begin. With legal guidance to select and set up those that are most appropriate to the needs of you and your family, you can arrive at an estate plan that covers just...
Perhaps a grandparent has established a stronger connection with one grandchild than other family members. They may want to leave more resources to support that grandchild than the rest of their extended family after they die. Perhaps a parent has one child who...
Undue influence involves someone using their power or trust to manipulate another person's will decisions. It is a serious violation that can destroy a loved one's entire estate plan. If you suspect someone unduly influenced your family member's asset distribution...
You may have recently come across the term “ethical will.” If you are someone with a strong sense of ethics, or who cares about the environment, you might think that this will be a natural choice for you in the same way as you might have kept your money with an...