Wills typically identify someone to serve as executor of the estate – a person or institution charged with administering the estate according to the instructions in the will. In cases where a will does not identify an executor or where the named executor is not willing or capable of serving in that capacity, one or […]
Groundbreaking film director John Singleton earned a small fortune during his career. With his sudden passing from stroke complications at the age of 51, it appears there may be a family feud brewing over his estate. TMZ reports the Oscar-nominated director left his $3.8 million estate to his oldest daughter, Justice Singleton. The will was […]
The law in Georgia and in most other states is pretty clear that, absent express intent to the contrary, children born out of wedlock have the same inheritance rights as any biological child. But what if the parent was wealthy and wanted to avoid paying estate and other transfer taxes? In this scenario, the wealthy […]
Disputes over wills, trusts and estates are legally complex, and can fracture relationships between family members quickly. Taking a case to court not only drags out the situation, but trials can be incredibly expensive, and even winning a case can cause you to spend more than you may receive from the trust or estate. One […]
A living trust holds your assets and dictates how your estate should be distributed among its beneficiaries. Putting your assets into a living trust can provide additional privacy regarding your assets during your life and keep those assets out of probate after your death. While a living trust is amendable by the person who created […]
The definition of trustee self-dealing might seem pretty straightforward: using the assets of a trust for one’s own benefit. Despite this relatively common-sense definition, self-dealing can be hard to identify in practice. That is one reason it is important to consult an attorney if you believe you have such a case. What does self-dealing look […]
Your desires for your estate plan can change as often as the circumstances of your life can change. As a result, you will occasionally need to consider revising your estate planning documents, such as amending your will. However, the terms of a trust are not always easy to alter. Not every type of trust can […]
When it comes time for estate planning, you’ll need to decide which tools are best for you and your family. Living trusts have gained some popularity, but many Americans are still unclear about what a living trust is and how it can be beneficial for their estate plan. Let’s take a look at the many […]
If you’ve ever applied for a life insurance policy, signed up for your company’s 401(k) plan, or engaged in any other retirement planning, chances are you filled out a fair bit of paperwork along the way. From designating beneficiaries to selecting a premium schedule, retirement planning—and the paperwork that goes with it—can be quite time-consuming. […]
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 […]
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