In order to have standing to contest a will, you need to prove that something about how the will was written may be illegal. You won’t have standing if the will is ironclad, even if the distribution of assets may seem unfair. The following parties have standing to contest a will: Beneficiaries already named in the willBeneficiaries named in a previous will, who were written out of the most recent version of will, or whose share of the estate was significantly decreased by the newest … [Read more...]
Crawfish are Red, Violets are Blue, an Estate Plan with Your Spouse is Long Overdue
Valentine’s Day seems an ideal time to celebrate your spouse! Let's face it, it's a miracle some of us find a soul mate, a best friend, a partner in crime...whatever you call them. Someone that not only tolerates all your quirks on the daily, but still loves you "for richer or poorer" and "through sickness and in health." I can think of no greater way to celebrate this type of long-term devotion than to take the appropriate estate planning measures with your sweetheart in mind. Like your … [Read more...]
3 Simple Questions to Answer When Passing Along Your ‘Hard’ Assets
Splitting up cash is simple. Splitting an antique vehicle, jewelry, or a vacation home, not so much. If you fail to prepare by answering these three questions, your family could be in for some trouble. To kick-start the distribution discussion, here are three key questions to answer: Just how much is it worth? You must start with the asset's fair market value. Regardless of whether you would like to pass down the asset itself or gain from the sale; this is the basis for any plan. This … [Read more...]
