A lot people that have not looked into the subject very deeply assume that the process of estate planning equates to nothing more or less than the creation of a last will. This is the most commonly used estate planning document, but there are many other legal devices that can be part of an estate plan. In fact, a last will is really not the best choice in many instances. Plus, it is important to understand the fact that there are different types of wills. If you use a last will as your … [Read more...]
Incapacity Planning Is a Must
When you think about the matter of estate planning, arranging for postmortem asset transfers will probably come to mind. Without question, you have to execute a will or some type of trust to state your final wishes. The ideal course of action will depend upon the circumstances, and there are many possibilities. This is one of the most important financial decisions you will ever make, so you should certainly discuss your options with a licensed estate planning attorney. End-of-Life … [Read more...]
Your Best Protection Against Estate Litigation
Estate litigation has somehow found its way front and center in this particular law sector. The reason is simple: poor estate planning. When your estate plan is vague or open to interpretation, you can be sure that’s exactly what will happen: people will try to interpret your decisions. It’s unfortunate, but it can also be avoided. Selecting an estate planning lawyer with experience and a commitment to each of his clients’ needs should be top priority. The more he knows about your needs, you … [Read more...]
Tragic Reminder of Importance of Advanced Directives
The past several weeks have brought us the tragic story of a young woman, pregnant with her second child, and also “brain dead”. The story unfolded several months ago in Texas when Marlise Munoz suddenly passed out for a considerable amount of time before being found. The damage was catastrophic and not surprisingly, her family wanted more than anything to ensure she wasn’t in pain. There were concerns about whether the fetus she carried could become a full term newborn. As it turned out, the … [Read more...]
