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When creating a will, precision and adherence to legal standards are crucial to its effectiveness. When a will is poorly drafted, it can lead to several issues that might trigger challenges and potentially invalidate the will. Here are several ways poor drafting can...
When a person dies without a will, intestate succession laws can come into play, allowing the court to appropriately intervene and distribute the deceased's estate. These laws have provisions indicating specific designations concerning legal heirs and beneficiaries,...
When you think about the future and the legacy you will leave behind, it is essential to understand the processes that will unfold after you pass away. One of these is probate, a term that might sound distant and technical until it becomes a part of your family's...
For residents of California looking to support charities through their estate plan, there are several effective strategies to consider. With charitable giving in mind, estate planning can fulfill philanthropic goals and provide tax benefits. Understanding the various...
People may forego estate planning because they believe their estate will automatically transfer to their family and loved ones. The individual or entity who will inherit your estate will depend on your properties and relationships with the people you leave behind. The...
Becoming a parent means taking responsibility for someone else's life for a time. Children cannot make their own medical decisions or earn money to pay their bills. They rely on their parents for virtually everything. New parents typically want to provide everything...
A living trust is a legal financial planning tool you can use to merge your property and assets into a single sheltered entity. Although several types of trusts exist, a living trust can allow you to maintain control over your trust assets while you are alive. At the...
Estate planning is not a straightforward process, but it can allow any individual of legal age and sound mind and body to safeguard their best interests and that of their loved ones. Understanding the basic steps involved in estate planning is crucial. Gather and...
People often mentally associate trusts with very large estates or huge resources, like a business owned by a family. However, trusts are not simply tools for those who are incredibly wealthy. They are also useful for individuals who want to achieve very specific goals...
Unfortunately, many of us wait too long to plan our estates. One consequence of this is that some insurance policies, like life and long-term care insurance, only get more expensive as we age. Indeed, for those who wait too long, long-term care insurance may be too...