When a loved one begins the process of writing their will, you likely feel that you can rest easy knowing that they are putting their affairs in order. However, you might have a change of heart if it comes to light that your loved one is attempting to pass on a...
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Estate planning
Where to start when you are named as executor
In many cases, the executor of an estate has no idea of their appointment until the estate owner dies. If you received a notice that you are the executor of the estate of someone who recently passed away, you may not know where to start. The role can seem confusing at...
When should you add a power of attorney to your estate plan?
People of all backgrounds have important business, legal or financial matters to tend to. If an accident or illness renders you unable to manage your own assets, it may become apparent how quickly any lifestyle can fall into chaos without proper oversight. Adding a...
What you should know about spendthrift trusts
Do you want to protect your assets and ensure your loved ones are handling your money responsibly? A spendthrift trust is a great way to do just that. This type of trust can help you provide financial security and ensure your money goes to the right places. However,...
Who can challenge a will during probate?
When a loved one passes away, the will they leave behind outlines their intentions for distributing assets to the rest of the family. If someone believes that the will is unfair or that it falsely represents the intentions of the deceased, they might raise a...
What is an executor in probate court?
Executors are a critical part of successful estate plans. According to the American Bar Association, executors are individuals, trust companies or banks that oversee the terms of a will. If there is no will, the executor or administrator settles the estate according...
When to modify a trust
A trust allows you to pass your assets to your beneficiaries in a way that typically prevents legal battles. Due to its complicated nature, you may have built a trust that you hoped would last. However, life is messy, and things change quickly. Therefore, there are...
Ensuring your parents have a solid estate plan can be beneficial
Starting the conversation is essential if your parents are living in Delaware and haven't completed an estate plan. Doing so helps ensure they have a plan for incapacity. An estate plan ensures that your parents' wishes are respected and can help preserve...
The basics of arbitration and trust disputes in New Jersey
Trust disputes often occur when one party to the trust believes that the trustee is not acting in their best interests. These disputes can be complex and emotionally charged, making them difficult to resolve. Arbitration may be a good option for resolving trust...
Learning more about a grantor trust
A grantor trust in Delaware is designed to give its owner more control over personal assets and income. The person who funds the trust is known as the grantor. It's recommended for estate owners who want to pay reduced income and estate taxes and preserve their...