One of the purposes of estate planning is to ensure that your assets go to the people you want them to go to when you die. However, sometimes heirs or other interested parties have issues with estate plans. A contest occurs when an interested party formally disputes...
Year: 2022
Can isolation lead to undue influence?
If you have an elderly relative, it may be time to check in with him or her. After all, according to the National Council on Aging, roughly 17% of individuals over the age of 65 are experiencing a sense of isolation. Alarmingly, feelings of isolation can increase a...
Do you have the right to contest a will?
After a will gets created, there is no guarantee that everything will follow in accordance with it. In fact, it is possible for other parties to contest the will. However, not just anyone can contest a will. It is important to have both the standing and also legal...
Encouraging financial responsibility with a spendthrift trust
As a parent, you worked diligently to instill good values in each of your kids. While you know your children have grown into decent adults, you may worry about your son's or daughter's spending habits. That is, your adult child may be too willing to spend money...
Estate planning for your newly paralized loved one
If you have a newly paralyzed relative in your family, your primary concern is likely to be obtaining top-notch medical treatment for him or her. After you settle into your new way of life, though, you may want to think about estate planning. Remember, your loved one...
How may the probate court handle my outstanding debts?
According to NerdWallet’s yearly Credit Card Debt Study for 2022, American households carry an average debt load of $155,622. When dying with outstanding debts, the executor named in your will may need to pay some of them from your estate’s assets. Surviving spouses...
What may I accomplish by placing my home in a living trust?
An American Advisory Group’s survey found that 55% of homeowner participants paid off their mortgages. More than 60% of the respondents also had an emotional attachment to their properties. If your home offers comfort and value, and you wish to continue residing in...
The importance of estate planning for new parents
After welcoming your new baby into the world, you may begin to wonder how to leave your assets to your child in the event of a fatal medical issue. Learning more about the benefits of estate planning and common steps people take during this time can help you....
What is the burden of proof in contesting a will?
When someone contests a will, he or she is saying it is not valid. To do this, you must have proof to back up your claims. According to the Florida Statutes, the burden of proof lies with you when you contest a will. The court will need to see evidence that supports...
When and why to make estate plan adjustments
While creating an estate plan is a monumental step, it is not always the end of the preparation process. Updates are often necessary and could make a big difference in how your estate gets settled following your passing. Here are some examples of when and why you...