KEY TAKEAWAYS Sibling disputes over assets in a parent’s estate can be avoided by taking certain steps both before and after the parent dies.Strategies parents can implement include expressing their wishes in a will, setting up a trust, using a non-sibling as executor or trustee, and giving gifts during their lifetime.After a parent dies, siblings can use a mediator, split the proceeds after liquidating assets, and defer to an independent fiduciary. Read the full article here … [Read more...]
Special Considerations for Divorced Parents AND BLENDED FAMILIES
It’s no secret that the divorce rate in the US has continued to skyrocket over the years. Now, some of you reading this might be single, divorced or part of a blended family, and even if you’re not, given the statistics, there is a good chance that you or someone you know could end up in one of these circumstances. We aren’t trying to be a killjoy, we just want you to be prepared for the unexpected, and ultimately make sure your exact wishes are carried out, no matter your situation. Let’s … [Read more...]
9 Things Every Divorcee Should Do NOW
Recently divorced? Take back control by eliminating your "ex" from those old estate planning records. Give your divorce arrangement to your estate planning attorney. Your attorney needs to understand any obligations you have to your ex-spouse in the event of your death. Update your medial power of attorney. Your medical power of attorney lets you name someone to legally make health care decisions for you if, for instance, you were in an auto crash or had a health crisis and were not able … [Read more...]
