A no-contest clause can be used as part of an estate plan to prevent someone from challenging that plan. If they challenge, the clause states that they have to give up the inheritance that they otherwise would have received. For example, say that you have two children...
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Can someone challenge a will if they get disinherited?
When someone gets disinherited, it typically means that they expected to get an inheritance, but they did not receive one as part of the estate plan. This could be a person who was previously included in the will and then removed or a direct descendent. For example,...
What’s the role of a revocable trust?
Estate planning is a critical task for all adults to complete. This outlines several points, including who receives which assets when you pass away. Trusts are one of the options you have to pass down assets. There are two broad categories of trusts: revocable and...
Can a trustee refuse payouts?
Disputes can sometimes happen when a trustee doesn’t want to make payouts to the beneficiary of the trust. When the original person created that trust, they were able to pick both a trustee and a beneficiary, and the trustee is supposed to make distributions in...
What does an executor do? 5 examples
One of the most important people in the estate planning process is the executor of the estate. The executor is responsible for settling the decedent’s estate. What this means is that they will need to go through several steps to help ensure several concerns of the...
What should I do with my outdated will?
Life is dynamic, and your financial, familial or personal situations may have evolved since you first drafted your will. Significant life transitions such as marriage, divorce, a new addition to the family or changes in financial status can significantly impact your...
When might business owners need to rescind a contract?
As a business owner, you can agree that contracts are the backbone of nearly every transaction. They serve as legally binding agreements that outline the terms and conditions under which parties are expected to perform their obligations. However, situations may arise...
Can your family dispute an inheritance to your caregiver?
Are you one of the many California seniors who has been able to continue living in your own home with the help of a caregiver who comes to your home and on whom you rely to maintain your general independence? You may have grown very close to this person if they’ve...
How do I designate a guardian for my child?
Being a parent is one of the most exciting life milestones you can ever go through. But it also comes with enormous responsibilities. One of these is providing and caring for your child until they can legally fend for themselves. But what happens when both parents are...
What attributes should I look for in an estate executor?
Did you feel a little surprised when you remembered you must designate someone to take charge of your estate upon your death? The need to appoint an executor is something most people understand but somehow overlook when they first begin estate planning. You may feel...
