Posted by Nina Whitehurst | May 24, 2018 |
Flexibility can lead to the creation of a better legacy than anticipated.
When people go to an estate planning attorney, they sometimes already have a good idea regarding what they want to accomplish with their estate plans. That is often a good thing.
Posted by Nina Whitehurst | May 24, 2018 |
Myths are spread from person to person and by the Internet. Correcting the myths, isn't an easy task.
The world of the will and the trust has created some basic estate planning myths through the years. However, they can be corrected...
Posted by Nina Whitehurst | May 18, 2018 |
People do inherit from a long, lost relative. However, it isn't all that often.
If you should inherit money from a long, lost relative, someone administering the estate will contact heirs and let you know. This always comes as a very welcome surprise for the heirs.
Posted by Nina Whitehurst | May 15, 2018 |
If it is not updated, your plan may well become a bad plan.
It doesn't matter if it is life or your business that changes when it comes to estate planning. When key parts of your life change, the environment needs a fresh look, according to the Herald News in "Revisiting Your Plan."
Posted by Nina Whitehurst | May 11, 2018 |
Life can get in the way of an estate plan, if the changes are not taken into consideration.
Basic and all too frequent problems can arise, if people do not match the changes in their lives to their estate plans, according to the Wicked Local Dedham...
Posted by Nina Whitehurst | May 04, 2018 |
Sharing ownership of your home with your child to avoid probate, is still a bad idea.
Joint tenancy of your home with your child quickly becomes a bad idea, when the child has a creditor who can attach the home to pay off the child's debts, according to the Napa Valley Register...
Posted by Nina Whitehurst | May 03, 2018 |
An estate sale is a good way to get rid of unwanted items. However, sometimes things end up badly.
Colorado police filed a report about an estate sale that went badly but the case was dropped for lack of suspects, according to Fox News in "Colorado house ransacked after estate sale mix-up...
Posted by Nina Whitehurst | Apr 24, 2018 |
Creating a plan for distribution of assets is practical.
If you do not have children, it isn't possible to follow the standard practice of caring for your spouse and your offspring when considering an estate plan. Exploring the options when childless, requires a bit more thinking, according ...
Posted by Nina Whitehurst | Apr 23, 2018 |
Avoiding the thought of death is relatively standard in humans. However, it may not be the right course.
We do not generally dwell on the thought of death, we avoid making estate plans and we are often not prepared for the reality of death when it happens, according to The New York Times...
Posted by Nina Whitehurst | Apr 11, 2018 |
You have Social Security and Medicare but what's next?
It might be tempting to stop planning after retirement. However, there is still some planning left to do, according to the Wills, Trusts & Estates Prof Blog in "Post-Retirement Planning: A Checklist for Seniors."
Posted by Nina Whitehurst | Apr 09, 2018 |
Much depends on the state laws and the family situation when it comes to estate planning.
When parents become estranged from their children, they need to know how to handle those children in their estate plans.
Posted by Nina Whitehurst | Apr 06, 2018 |
It is not the wealthy singles who are most in need of an estate plan.
Most people think protecting their children is more important than money. That's why parents with minor children have more reasons to plan their estates than wealthy single people, according to Volume One in "When There's ...
Posted by Nina Whitehurst | Apr 05, 2018 |
The idea has only been science fiction so far. However, that may change in the future.
The reproduction of things learned after birth is not likely anytime soon, so an almost identical human genetic clone might be far off.
Posted by Nina Whitehurst | Mar 29, 2018 |
Being an executor is not an easy job and can be quite stressful.
Many people trust one of their own children above all other potential candidates for the responsibilities when considering an executor. However, it is not always a good idea, according to Texas Lawyer in "Mamas, Don't Let Your...
Posted by Nina Whitehurst | Mar 28, 2018 |
The distribution of real estate can be a good deal or a bad deal.
One way to avoid real estate going through probate is to put someone else's name on the ownership of the asset. However, that almost always comes out badly, according to the Daily Republic in "All Things Real Estate: Living trust...
Posted by Nina Whitehurst | Mar 16, 2018 |
A challenge can be created when one child is responsible, and others aren't.
Varying degrees of financial responsibility by children can be a challenge to creating an estate plan, according to Market Watch in "My son is responsible, my daughter is in debt -- how do I split my estate?"
Posted by Nina Whitehurst | Mar 09, 2018 |
Estate planning is one of those things that is better done now, rather than waiting until later. That can actually be too late.
The question comes up about finding the right time to set up an estate plan as life marches forward.
Posted by Nina Whitehurst | Mar 08, 2018 |
Eleven years after his death, the singer's estate remains unsettled.
Soul singer James Brown passed away in 2006, leaving millions to poor children in Georgia and South Carolina. However, none of the money has been given to the children because the estate is bogged down in numerous lawsuits...
Posted by Nina Whitehurst | Mar 05, 2018 |
Can you trust them? If you wonder, then you probably already have the answer.
Multiple relationships and fewer bonds can often lead to some challenges, when it comes to settling an estate, according to the Financial Times recently in an advice column "Should I trust my wife to divide my assets fairly...
Posted by Nina Whitehurst | Mar 01, 2018 |
Protecting assets for your minor heirs can be a challenge.
If you plan on leaving assets to minors, you can leave it to the courts to decide on the best person to handle the funds or you can do it yourself through an estate plan, according to the Times Herald-Record in, "Proper legal planning...
Posted by Nina Whitehurst | Feb 20, 2018 |
Once you take the first couple of steps, if often becomes an easy process.
You may only need a few documents to get your estate plan underway but people often delay because of the concern of complications, according to Forbes in "More Than Half of Americans Don't Have These Essential Estate ...
Posted by Nina Whitehurst | Feb 16, 2018 |
Stepmothers take one of the top spots in wars over estates. However, they may not be at fault.
Posted by Nina Whitehurst | Feb 09, 2018 |
You need to make the decision to create an estate plan and then you need to gather facts.
In order to create an estate plan, you need to know what you need in order to organize your affairs, according to The Daily Courier in "I'm dead. Now What?"
Posted by Nina Whitehurst | Feb 06, 2018 |
Perhaps this is the year that you will make an estate plan.
A good New Year's resolution might be to finally get an estate plan, according to the Virginian-Pilot in "Make estate planning a priority this year."
Posted by Nina Whitehurst | Feb 02, 2018 |
What should be done ahead of time, if family members do not get along?
The issue of blended families and dealing with trust issues while estate planning, was recently discussed in a Market Watch advice column titled "My mother-in-law is deceitful -- can we stop her from stealing my wife'...