Downs Law Firm, P.C.
From contentious relatives to scam artists, wills are not immune to the threat of a contest. If you have an inkling such a fight could be in your estate’s future, here are some ways to limit the risk.
Does a person need a Power of Attorney document if that person already has a Last Will and Testament (‘Will’)? It is a critical piece of the planning puzzle.
All couples can now take advantage of tax benefits for married partners, pass assets from one spouse to another with ease and qualify for Social Security spousal and survivor benefits. However, not all couples want to get married.
Even those who have saved and invested well may not be sharing their financial information with a spouse or loved one. It’s time to do that now.
Would your loved ones have necessary access to your bank accounts after you die to help carry out your last wishes and handle arrangements?
Beneficiaries, in general, are people or entities that the holder of an account designates to receive the assets in the account, typically, in the event of the account holder’s death.
An unmarried couple needs to create an appropriate estate plan. If they truly want inheritance rights, they need to execute testamentary documents, such as wills.
When dealing with the emotional pain of the loss of a loved one, family members also have to address daunting administrative tasks.
No one has to accept inherited assets. Inherited assets can be disclaimed.
The world exists just as much online as it does offline. Failing to recognize that when planning for the end of life can lead to unexpected repercussions for survivors.
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