Editors Note: Nothing in this article is meant to be considered legal advice nor does it include legal representation. As with all legal issues you should always consult your attorney and estate planning professional. What is a Will, And What Can It Do For Me? A will is a document that specifies who will inherit…
Got a plan? Whether you’re single or married, divorced or widowed, a parent or not, you need an estate plan. That’s true for men and women, but women face challenges that make it even more important for them to start planning sooner.
When planning their estates there are many different questions that parents should ask. However, the most important question is one that many parents never consider. Very few rivalries can equal the intensity of sibling rivalries, especially when large sums of money are involved. Battles over parents' estates can continue long...
Parenting plans should address specific aspects in order for it to be fair. In order to create a professional parenting plan, speak with a PCB attorney.
Do your parents have a will or a living trust? Who gets what when they die? You might feel it’s none of your business. As a potential heir you need to find out.
Ask them if they have an updated will or trust, and if there’s anything they’d like to disclose about how the assets will be distributed.
Consider this: You should care about your parents' estate planning, too. Because there's a good chance they haven't thought about it yet.
Timeshares often end up becoming expensive headaches.
What you can do to offer assistance to a new widow.
Couples who are expecting their first child are busy with decorating the nursery and taking childbirth classes. In addition to planning for their financial future, estate planning should be a high priority to-do item. They need to purchase life insurance, set up a college fund, and answer one of the...
Be aware of how a co-signer's death can impact a loan.
One can never truly be prepared for the death of a parent. It is a thought many of us don’t even want to think about, much less discuss. However, death is a reality we all must face for ourselves a…
In most divorces, a noncustodial parent will be required to maintain a life insurance policy for the benefit of any minor children. This is because the noncustodial parent will probably be paying child support. If he dies, the children still need that financial support. This is why life insurance is often required. ...
When parents have personal wealth, they are naturally concerned about what to pass on to their children and how they can ensure it has a positive outcome for their children.
Disinheriting a child can be a difficult choice for parents. However, if this is the intended choice, there are do’s and don’ts when disinheriting. Are you thinking about disinheriting an heir from your estate? Make sure you know what you are doing before tackling this sensitive subject. Although it is...
Question: My father passed away a couple of years ago, and my sister was made the trustee of my parents’ trust, which simply says that the property is to go to me and my sister equally. My parents left behind a house and some vacant parcels of real property in the mountains. The properties were all
Siblings do not always receive equal shares of a parent's estate. Sometimes the inequality is intentional and sometimes it is accidental. Regardless...