When you create a Will during estate planning, you may be wondering if your beneficiaries or heirs will be able to contest that Will once you are deceased. In most cases, if your estate planning attorney plans out your Will correctly, the answer will be no. There are, however, instances in which a Will can be contested by heirs or beneficiaries, especially if the estate planning is not done correctly. Contesting a Will in Essex Junction Was the Will Created Correctly? The execution of the … [Read more...] about Contesting a Will in Essex Junction: Can Beneficiaries Contest a Will?
Your estate planning attorney has informed you that you will need an executor of your estate. This individual will have a good deal of power over your property, assets, and other estate items, which means it is not a decision you should make lightly. In order to select the right executor, it is important to understand the associated duties and how they will impact your estate. Property Your executor will be in charge of any and all property associated with your estate. This can include your … [Read more...] about What Are the Responsibilities of an Executor?
A lot of individuals these days are trying to save money, and when it comes to estate planning, most individuals want to know whether or not they truly need an estate planning attorney. Thanks to the Internet, no-cost Wills and online documents are available for couples and individuals to create a Will without the assistance of an estate planning attorney. However, before doing so, a person needs to understand the disadvantages that go along with that choice. No Guarantee Often those … [Read more...] about Do I Have to Use an Estate Planning Attorney?
Continue learning about the estate planning process and make sure you are ahead of the game – even if you have not created a Will yet. You Do Not Have to Be a Millionaire to Have a Trust Often people will assume that if they have a Trust, they must be millionaires. The fact of the matter is individuals who make under $25,000 can set up Trusts for family and other beneficiaries to distribute assets after their death. Ask your estate planning attorney about a Trust and see whether or not it … [Read more...] about Stay Ahead of Your Estate Planning Process: Part Two
When it comes to estate planning, a lot of us forget about the special requirements that are needed to plan for those with special needs. It is important to look over the special needs portion of estate planning, especially in terms of weighing whether or not government benefits are better for your loved one or not. Increasing Need In the past few years there has been an increase in the need for special needs care and planning for estates. In 2006, it was estimated that 22.6 million people … [Read more...] about Special Needs Planning