Most people can think of someone that they would NEVER want to inherit their assets when they pass away. The hope is that those people aren’t rightful heirs in the line of succession anyway. However, if the person you want to disinherit is a rightful heir, you’ll need to make sure they are legally excluded from your estate with careful planning.
A Revocable Living Trust is one of the most misunderstood parts of estate planning, especially since many people associate trusts with the extremely wealthy and the term “trust funds.” But Revocable Living Trusts can be created by just about anyone looking to make an estate plan, and provide a number of significant advantages when it comes to avoiding probate and having others help you if you become incapacitated.
Blended families are increasingly common, occurring when two people enter into a subsequent marriage after prior marriages end in death or divorce. While these relationships present many opportunities for joy and happiness, they also bring with them unique estate planning challenges, especially when children from previous marriages are involved. These challenges usually happen…
Creating a Last Will and Testament can be a taxing process. You sometimes must make hard decisions concerning inheritances for your loved ones, or regarding who should be in charge of making decisions about your estate after you’ve passed away.
