If your loved one died and left a will in which you are named, a legal process may follow. The probate process can be complex, but you can understand it with guidance, avoiding costly mistakes. Once the appointed executor files the will with the probate court, you...
Estate planning, for most people, is both a personal and morbid subject. As such, it is not uncommon for parents to shy away from discussing their estate plans with their children or intended beneficiaries. The decision to discuss your estate plan with your family is...
The named executor of a will is responsible for carrying out the wishes of the deceased and managing their estate. However, there may be instances where the executor doesn’t fulfill their duties properly, leading the beneficiaries to consider taking legal action. ...
The executor or personal representative of an estate should remain neutral in their attempts to fulfill someone's obligations and uphold their final wishes. Estate administration requires that the executor locate the estate plan or will and submit those testamentary...
Losing a loved one is painful, but the process can become more difficult when you realize you are not part of the will or you believe the given will does not reflect your loved one's real intentions. In that case, you have the option to contest it. To do so, you...
You’re surprised when you find out that you’ve been disinherited. Your parents have passed away, and the estate administrator reads the will. You’re not mentioned anywhere, and the assets are given to other heirs and beneficiaries. The administrator tells you that...
Your elderly relative has always been caring and compassionate. They’ve provided help for you and other family members whenever it has been needed, and they intend to do the same when they pass. An estate plan allows your loved one to do exactly this, through a will,...
The time after a family member has passed away is very upsetting. On top of dealing with grief, you may have to play a role in handling their estate plan. Over the years, you developed a strong sense of the final wishes of your loved one. This is because you...
Your elderly relative took care of you for years when you were younger, and you’ve pledged to do the same for them as they reach their twilight years. You know that they care deeply about their family, including you, your siblings and all of the younger children. For...
Trusts are created for all kinds of reasons, and their grantors sometimes have very specific ideas about what makes someone worthy to benefit from those assets. This is where incentive trusts come into play. Incentive trusts are designed to exert a bit of “dead-hand...
