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25 Jun 2024, 2:42 pm
Planning for your child's future in the event of your incapacity is a critical aspect of estate planning. [read post]
20 Nov 2023, 12:05 pm
The next of kin entitled to share in the distribution of the estate. 7. [read post]
27 Aug 2012, 7:39 am
For example, if your initial goal was guardianship of minors, make a list of people you would trust with the care your child, and move from there to financial decision-makers, etc. 3. [read post]
5 Dec 2014, 6:38 am
Then the surviving spouse would name a child and grandchildren as beneficiaries of that IRA. [read post]
14 Jun 2016, 6:17 pm
If you live longer, review and edit your beneficiaries (e.g., if you marry, have a child or divorce). [read post]
20 Oct 2008, 10:50 am
Changes in your life such as marriage, birth of child, death, crippling accident, change of witnesses, purchase or sale of property, a change in your financial status -- or a change in the estate law may make important revisions or a new will advisable. [read post]
30 Apr 2023, 6:00 pm
According to New Jersey’s intestacy statute, her estate passed to her half sibling, C (who was not A’s child). [read post]
21 Nov 2023, 9:48 am
It can be structured to distribute these remaining belongings among a group of people or to a single individual, like a spouse or child. [read post]
24 Sep 2014, 6:30 am
Crichton died suddenly with his fifth wife expecting; however, he failed to update his will to provide for the new child (or have language in the will automatically including later born children). [read post]
7 Sep 2014, 8:43 am
Parents think that giving an unequal share of the estate to one child over the other is the best way to rectify the situation; however, unequal inheritance comes with hazards that parents may not consider when creating an estate plan.Punishing Success By giving one child an unequal share of the estate, it punishes the success of others. [read post]
30 Jul 2018, 3:12 am
These documents should have been reviewed by a knowledgeable estate plan attorney within the last 5 years and immediately after any major life event, such as a marriage, divorce, birth or death of a child, receiving an inheritance, or significant increase or decrease in assets. [read post]
16 Dec 2022, 2:55 pm
Whether you need assistance with real estate division, child custody, alimony, or anything else, we are here and ready to get started on your case. [read post]
25 Jun 2014, 6:30 am
If you have a child with special needs, then a letter of intent can give you space for practical instruction sthat simply cannot fit neatly within a last will and may be inappropriate for a legal document in the first place. [read post]
5 Jun 2015, 9:30 am
While one may think about providing extra assistance to a child with fewer resources, or for a child with special needs, you need to do so cautiously. [read post]
29 Mar 2012, 4:00 am
However, some parents may regret that decision down the road, because it requires ceding control of a farm or business to the child. [read post]
9 Jan 2024, 12:32 am
Illinois is one of the states that impose its own estate tax, separate from the federal estate tax. [read post]
18 Feb 2020, 12:04 pm
You should consult an estates lawyer to assist you in this regard. [read post]
27 Aug 2018, 2:42 am
If you name a beneficiary such as your spouse or child, they’ll be in the position to make that money grow into even more wealth over time by using the so-called “stretch out” feature of these accounts. [read post]
13 May 2016, 9:45 am
However, if the will was drafted without that flexibility and only identifies your first child by name as the beneficiary, then you need to talk with your estate planning attorney and have your will updated. [read post]
1 Apr 2016, 9:45 am
As far as a minor child, child custody issues are the same whether or not you are married, as the courts make decisions based upon the best interest of the child. [read post]
