Tag Archives: will
Single People Have Special Estate Planning Needs
According to U.S. census data, nearly half of American adults are single, but you would never know it from reading estate planning information on the internet. Websites giving estate planning advice seem to assume that virtually everyone is married with children. But single people can and should prepare financially for their retirement, both to foster […]
Protecting a Beneficiary’s Inheritance with a Spendthrift Trust
Trusts are useful estate planning tools that allow you to control on what terms your assets will be transferred to designated beneficiaries. Trusts can fulfill multiple purposes, and one of them is to care for a child or other relative that you fear might squander their inheritance. By creating a spendthrift trust, you can protect […]
Is a No-Contest Clause in Your Will or Trust Enforceable?
Wills and trusts should be carefully drafted to express your final wishes clearly and explicitly. But even the most well-prepared documents can be subject to lengthy and costly challenges during probate and other legal proceedings. One way you can try to avoid such disputes is by including in your will or trust a provision that […]
Your Responsibilities If Named as Personal Representative of a Will
The personal representative is the person charged with managing a decedent’s estate. It is a position of trust with important duties that must be faithfully and efficiently carried out. These responsibilities begin with submitting the will for probate. The person named as personal representative in the will must first determine if probate is necessary. If […]
