If you have done any estate planning, you may already be familiar with the expenses involved in drafting a will or a living trust. Many people try to avoid these costs by turning to less expensive alternatives. But that mistake can sometimes cost you more in the long run. Over the past decade, drafting a […]
If you are a beneficiary designated in a will, you may already be dealing with feelings of grief and loss associated with the passing of a loved one. You may have notions that disputing the handling or terms of a will is simply creating more stress than you need in this sensitive time. Emotions can […]
Although any estate plan should undergo regular review to ensure it is still valid and up-to-date, there are many situations that may have a direct impact on your will. Changes in your family structure have significant implications for your will, and require your attention and the help of an attorney to rework your plan and […]
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 […]
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 […]
Choosing an executor for your will is not a decision you should take lightly. Once you pass away, your executor will have the authority to sell your property, bring lawsuits, review medical records, and distribute your assets. Picking someone you can trust—let alone someone who is capable of filling out and filing the paperwork—can seem […]
A parent’s death doesn’t necessarily stop sibling rivalries. Disputes can carry on for a lifetime, and sometimes these arguments find a way into the probate process. Sometimes, one of the adult children will claim ownership to an asset, perhaps a bank account or a family heirloom, claiming that the deceased parent promised it to him […]
In an ideal world, a thoughtfully constructed will would ensure an individual’s last wishes were irrefutable and easily executed. However, the reality is that family members often end up in a dispute after a loved one passes away regardless of the documentation that was carefully crafted beforehand. After the death of a family member, confusion […]
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 […]
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Gaslowitz Frankel LLC
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