The purpose of guardianships and conservatorships is to protect aging adults. When an adult becomes unable to care for him or herself due to injury, illness, or old age, a judge may deem it necessary for another person to manage the incapacitated adult’s daily life (a guardian) or financial affairs (a conservator). Sadly, however, it […]
Losing a loved one is hard enough without the added stress and heartbreak of a dispute over inheritance. Your family members may not all agree about how your estate should be handled, and these disagreements can lead to bitter, costly lawsuits that can drag on for months or even years. Here a few things you […]
It may sound like something from a television show like CSI, but DNA test results can be helpful tools in an estate dispute. As DNA testing has become more available and affordable, its use in litigation has become increasingly common. Because each person has a unique DNA code made up of genetic data from his […]
Blended families come with unique joys and challenges. When it comes to an estate, the chance of a dispute can be higher as there tends to be more jealousy and sibling rivalry at play. When a parent dies, or both parents die, these disputes can surface as each side tries to fight for what they […]
You have worked hard for your wealth, and it’s essential that you have a plan for how to leave your assets to your loved ones so that the state does not decide for you. But, how can you make sure that the plan will be executed according to your wishes after your death? So that […]
After someone dies, the property they leave behind becomes an asset of their estate. It can be any type of asset, including land, homes, jewelry or money. A will determines how those assets are distributed. To administer the estate, an executor is appointed by the court, usually designated by the decedent in the will. The […]
When a family member dies suddenly, it creates chaos in nearly every family. More often than not, disputes over property and money only intensify the grief everyone is already suffering. As older adults, it’s likely that we’ve taken steps to minimize that risk, such as maintaining an up-to-date will and setting up a family trust. […]
If something were to happen to your spouse, do you know what assets and liabilities you have? For many women in the Baby Boomer Generation, the terrifying yet all too common answer is “no.” Oftentimes, couples write the first version of their will when they are starting a family and then revise it a decade […]
Every parent wants to make sure their children will be taken care of if the unthinkable were to happen, and many grandparents or other family members often want their wills to include bequests to the younger generations in the family. However, there are special issues to consider when leaving assets to minors. Good intentions with […]
While Hollywood has glamorized disinheriting a child or grandchild, the decision to exclude someone from your will is quite complicated and emotional. There are four common reasons for removing an heir from your will: A pattern of behavior indicates the inheritance will be misused and/or cause added risk to the beneficiary’s life (for example, providing […]
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Gaslowitz Frankel LLC
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