Did you know that your family and/or friends have the right to challenge your will during probate proceedings? They are even entitled to object to its validity and various aspects of the inheritance left behind. As you can imagine, this can become very complex very quickly. If you believe a will inaccurately depicts the mental […]
Tag: Wills
Protecting Your Legacy: The Truth About Estate Taxes
If you own property and assets or have loved ones who depend on you to provide income or care, you should have an estate plan. However, some people hesitate to create one, fearing that taxes will eat up the lion’s share of their estate. But even though estate taxes are real and rates are high, […]
Does Your Estate Plan Clearly Communicate Your Wishes?
Precise language is critical in wills, trusts and other estate planning documents. A lack of clarity may be an invitation to litigation. An example of this is the dispute that arose after Tom Petty’s death between his widow and his two daughters from a previous marriage. (The two parties have since resolved their differences and […]