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One of the reasons why testators sit down to draft a will is to minimize the chances of their loved ones fighting over their estate once they pass away. Estate planning sometimes doesn't have the desired result, however, especially when there are questions about the...
Month: April 2021
3 frustrating probate issues and how to avoid them
Dying without a will puts your family in a difficult position. It now has to go through probate, which means going to court during a stressful time in your loved ones’ lives. It also means spending more money on court and legal support, and it means that there could...
2 dangers of an inheritance for a child with special needs
Parents raising a child with special needs often have more expected of them. Their child will usually require more attention on a daily basis and ongoing support for longer than other children. It is not uncommon for adults with special needs to remain financially...
4 times you will want to update your estate plan
Taking the time to create an estate plan can help the people you love have financial protection if something tragic happens. However, it can be a big mistake to presume that your estate planning needs just disappear after you create your initial estate plan or create...
An irrevocable life insurance trust help you plan for your children’s inheritance
Now that you’re getting older, one of the things you’ve kept up on is your life insurance. You want those around you to have the ability to pay off any debts you have left and to take care of themselves once you pass away. Initially, you’d left the inheritance to your...
Would a spendthrift trust benefit your heirs?
You spent a lifetime accumulating money and personal property, and you want to leave it to the people you love when you die. Sadly, your children or other close family members have repeatedly shown that they struggle with making good decisions when it comes to money....