Inheriting Debt?
Mortgages, credit card bills and car loans are among the types of debt left behind upon the death of a loved one. What happens to these debts? Can the burden of payment be passed on…
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Disinheritance?
Though a painful decision, parents can choose to leave a child out of the will. There is no law saying parents must leave assets to children—or divide their assets evenly among children. Estate planning…
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Joint Account? Cautionary Advice
Estate planning experts say that although adding a loved one to a bank account may seem like an efficient way to pass the associated assets forward when we die, doing so can actually lead…
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Probate Litigation: Outcomes?
Although hopefully avoided through careful planning and good communication, significant disappointments, delays, and conflicts are not uncommon upon the death of a loved one. Hurt feelings alone are insufficient cause for initiating probate litigation….
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When Being Fair Counts: Pot Trusts
Being fair to children does not always mean ensuring assets are equally gifted via an estate plan. Age, health, special needs, educational and vocational goals are among the dynamics that can make doing what’s…
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Executing Naomi Judd’s Will
Depending on your news source, you may have heard that Wynonna and Ashely Judd inherited nothing from their famous mother, Naomi. Lawyers remind us that the appointment of Larry Strickland, Naomi’s husband of 33…
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Grave Appeal: Protecting Burial Grounds
Can two churches disinter and remove cremains (cremated remains) from a burial ground without the consent of the families involved? Reversing a judgment from the Probate Court, The Massachusetts Appeals Court found for the…
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LLC Agreements and Estate Plans
When your company is structured as a Limited Liability Company (LLC), its a good idea for the operating agreement to detail what happens with each member’s ownership upon death. Keep in mind that being…
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Marriage and Trusts?
Please outlive me. That’s how many spouses feel: they’d rather not be the one left behind. Since we just never know what our next chapters of life hold, estate planning is important—and marital trusts…
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