During probate, various relatives and heirs learn about the testator's decisions. Not everyone may appreciate being left out of a will or not receiving what he or she feels he or she deserves. In some cases, serious concerns about improprieties may guide decisions to...
What to know about choosing an executor
If assets are retained in your Delaware estate at the time of your death, they will likely be subject to probate. An individual will be appointed to represent the estate during this proceeding. Typically, the judge overseeing your case will appoint the person named in...
Should you include an irrevocable life trust in your estate?
Do you own a large life insurance plan that will ay considerable benefits to your heirs after your passing? If so, consider creating an irrevocable life trust to protect your survivors from having to pay considerable estate taxes in Delaware and to the federal...
Retirement assets are part of an estate plan
Retirement assets are a vital part of every estate plan. Delaware residents rely on these assets to fund their retirement and eventually provide an inheritance for their children. Regardless of what you want to do with your retirement assets, planning is important....
Life events that could require you to update your estate plans
Putting together a solid estate plan is a crucial part of growing up. However, there will be times when you need to go back and revise certain provisions in your plan. Here are some important life events that will require you to make changes to your estate plan in...
Second marriages could require extra estate planning
Considering the growing rate of divorce nationwide, second marriages are no longer a rarity. Yet the financial and legal issues that can confront couples in their second marriage – especially spouses who have children from a first marriage – may require some careful...
Mistakes to avoid during estate planning
Delaware residents who were thinking of undergoing the estate planning process likely have many questions about how to handle their estate. They know that estate planning can provide them with peace of mind to ensure that their loved ones get the assets intended for...
What the executor does during probate
If there are assets in your Delaware estate when you pass, they will likely be subject to probate. During probate, your estate will be represented by an individual who is responsible for inventorying assets, reviewing creditor claims and other administrative tasks....
When should I update my estate plan?
While it may not be pleasant to think about your passing, it's a necessary part of life. Delaware residents should undergo the process of estate planning to effectively designate who receives their assets and who takes care of their after-death responsibilities....
What senior citizens should consider in estate planning
Estate planning is important for all adults in Delaware, but it becomes even more important as you age. Although many people put off creating an estate plan for various reasons, it is important to recognize that having an estate plan will make things less difficult...
