
Finding a Missing Heir can be Challenging
Locating missing heirs after the death of their benefactor can require detective work worthy of Sam Spade.

Locating missing heirs after the death of their benefactor can require detective work worthy of Sam Spade.

Writing a will is not as simple as just slapping together a list of desires. However, there are some things you should not put in your will.

By understanding the features of a life estate and creating one at the right time, you can reap the following benefits….

You cannot name a legal minor as a beneficiary. This applies to almost all legal documents, most notably wills and life insurance policies.

A life estate is a form of property ownership that splits control and ownership of a property. The person who creates the life estate for their home and assets is known as the life tenant. Though the tenant retains control of the property, they share ownership during their lifetime with the remainderman, a legal term referring to the estate’s heir.

One major misconception is we simply can tell loved ones what we want to happen for the purposes of health or property distribution and family members can ensure that those wishes are followed.

When someone passes away, it’s up to their executor to handle the probate process. However, what happens if the executor of a will dies?

Dying intestate can have unintended consequences for pretty much every family type. However, it is especially painful if there are unmarried partners or stepchildren, who are left out under the law in almost every scenario.

First, debts in a person’s estate are payable from the decedent’s assets in the course of administering their probate estate or administering their living trust estate.

Estate planning is nearly always worthwhile but can be extra important when you have stepchildren.