Wills

Last Week in Estate Planning (June 17 to June 25, 2011)

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While reviewing last week’s blogs and articles, imagine the fantastic surprise I got when I saw Julie Garber’s recent “Estate Planning Roundup” article on about.com blog commending this blog.  That’s really some compliment — I have always thought her blog is one of the best, especially in terms of timely information and readability.  She has…

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Last Week in Estate Planning (June 10 to June 16, 2011)

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Here are links to the top estate planning stories and developments of last week. By the way, I receive absolutely no financial remuneration from recommending any of the following choices.  I believe this enables me to give an unbiased view of what, IMHO, is the best in topical and quality work from estate planning colleagues…

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Abatement 101: Which Beneficiaries Bear the Brunt of a Reduced Gift?

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I asked my young kids today if they knew what “abatement” was.  They replied, “Yes, Daddy, it’s the bottom floor in our house where all our toys and boxes and other stuff is!” To avoid the stigma of negligent parenting, I explained to them that within the estate planning context, abatement is the forced decrease…

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Don’t Have $5 Million? 50 Reasons to Get an Estate Plan Anyway

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“Estate Planning” is somewhat of a misnomer.  For example, let’s check out The Free Dictionary’s definition of “estate”. You’ll find that the majority of the 8 provided definitions associate the term either with land or with some kind wealth, social position, or political power.  Read more...

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Estate Planning Post of the Week (May 27 to June 2, 2011)

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Introduction (or Why Do We Need an “Estate Planning Post of the Week”?) I have always found it interesting that when it comes to death planning, significantly more people view life insurance as a higher priority than estate planning.  Read more...

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5 Unconventional Estate Planning Tips (and Why They are Right)

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I hesitated to write this post for fear that many would be distracted over this weekend.  However, now that it is after 6 P.M. on May 21, 2011, and we seem to have avoided and survived the rapture, I can help return your focus to arguably more mundane concerns.  Read more...

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State Law Differences Regarding Spousal Disinheritance

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We have talked a bit lately about how estate planning cannot meet a one-size-fits-all approach.  While this is primarily due to the differing situations and desires of each individual, it also has to do with the significant variations in state law.  Read more...

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Would You Like That “Per Stirpes” or “Per Capita”?

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There are many scenarios in estate planning where a deceased person receives a gift of property.  Someone’s will may not have been amended in time.  A trust drafted many years ago leaves an asset to several siblings, one of whom has passed away since the document was created.  State intestacy laws designate assets to classes…

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Will Contests: 10 Ways to Protect Against Estate Plan Challenges

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Getting your will drafted is a daunting enough process without worrying about whether or not to disinherit family.  If you anticipate that anyone will try to challenge your will, then your estate planning documents should provide as much protection as possible against a “will contest”.  Read more...

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The Repercussions of Drafting Estate Planning Documents Imprecisely

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You’ve probably heard the notion that one incorrectly drafted phrase or sentence can have great detrimental effects on your will or trust.  Later in this post, we will provide two examples of this consequence. But first, we provide essential background to help further underscore the main point that preparing a will takes precision, careful attention…

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