Surveys tell that more than 55 percent of Americans die without a valid will. Of the 45 percent that do, 71 percent of them don’t update their wills during their lifetime. This is a big mistake. Some life events tell you to update the estate plan immediately. Let us list them so that you are…
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Scenario When Hillary took over Angela’s estate planning case, he was committed and very easy to work with. When the payout process ended, and the money was released to Angela, Hillary couldn’t be found. He had disappeared, and soon Angela started realizing that some of the property had been written into other people’s names. We…
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There are various problems that can make you disinherit your child. These include: You have a bad relationship with the child The child has amassed a large estate and they don’t need what you have to give them One of the kids has the greatest needs, for instance, a child with special needs. Whatever reasons…
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You might think that being named in somebody’s will as an administrator is a huge thing – but it also comes with a few dangers. As an administrator, your role is to manage the estate matters of the departed friend. Typically, the testator chooses an individual that he trusts, which means if you are the…
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One way to avoid probate is to use payable-on-death (POD) accounts. These accounts give you a way to keep a huge chunk of your money out of the probate process. If you have money in your bank account, inform the bank of whom you wish to leave the money to, and then create the form…
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Hoarding affects an estimated 1.4% of the United States population. Estate planning with a hoarding situation is no ordinary undertaking – there is no limit to the potential wealth buried in the depths of the home. Working with an estate planning attorney who is well versed in hoarding cases can make estate planning that much…
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Scenario Jane and Nancy were elated when the high court passed the LGBT case in favor of them. They married a few weeks later, but sadly, Jane passed away from cancer a month ago. This was when the problems started. Nancy was instructed to vacate Jane’s house because there was no will. She tried talking…
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Billions of dollars are spent every year when it comes to succession and estate planning. The fees change with time, and haven’t shown any signs of slowing time even with changes in the economy. The fees you pay are used by the lawyer to make sure you get valuable and efficient services. Let us look…
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When you decide to come up and make an estate plan, your aim is to try and make the succession process stress-free and quick for your loved ones when you pass away. In many cases, all you need is a will and other legal documents to give guidance on how your estate needs to be…
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Most of us own one or more cars. These are a blessing, helping us to move from one point to another effortlessly and to transport our items. But have you ever paused and wondered what will happen to your vehicle when you pass away? You need to understand that the vehicle is a huge part…
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