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24 Dec 2021, 3:41 am by Cari Rincker
Name a Trust as the Beneficiary of Your Life Insurance A common method for leaving money and property to loved ones in an estate plan is by titling assets so they are owned by the trust or making the trust the beneficiary of the account or property, with a spouse or child as the trust’s beneficiaries. [read post]
4 Dec 2023, 3:13 am by Lynette Boyd
Addressing Changes: If there have been changes in your life, such as the birth of a child, marriage, divorce, or other significant events, the holiday season can be an appropriate time to update your family about these changes and how they may impact your estate plan. [read post]
15 Mar 2023, 6:04 am
If a parent fails to pay an official child support order, he or she can face penalties including: Wage garnishment Asset seizure Liens against real estate or other property Suspension of a professional license or driver’s license Interception of tax refunds Criminal prosecution Criminal charges for failure to pay child support are the last resort. [read post]
6 Jul 2022, 7:01 am by Mills & Mills LLP
  In practice, generally speaking, the child would be presumed to hold such assets in trust for the testator’s estate. [read post]
8 Sep 2024, 6:53 am by Cari Rincker
With an Estate Plan A comprehensive estate plan can also include a nomination of a guardian in the event you and the child’s other parent are incapacitated (unable to manage your own affairs). [read post]
2 Apr 2012, 5:40 am by Kyle Krull
Did one child seem more favored by the parents, either earlier or later in life? [read post]
26 Jul 2023, 6:53 am
Contact a Cook County Estate Planning Attorney for Legal Assistance To learn more about legal guardianship and other estate planning tools that will protect your family’s future, call [[title]] at [[phone]] to schedule a free consultation with one of our DuPage County estate planning lawyers. [read post]
10 Dec 2020, 4:42 am by McCulloch & Miller, PLLC
However, additions to the family – such as a new child or grandchild – will often be overlooked as a beneficiary if the estate plan was created before their arrival. [read post]
12 Sep 2022, 7:15 am by Kyle Persaud
In that case, the child technically can’t argue that the will didn’t provide for them. [read post]
8 Sep 2017, 10:00 am by Kyle Krull
Typically the life estate owner is a parent and the owner of the remainder trust is a child. [read post]
14 Sep 2021, 8:57 am by McCulloch & Miller, PLLC
Common examples of life changes that may impact an estate plan include divorce or change in relationship status, the birth of a child, or the death of a loved one. [read post]
3 May 2017, 5:00 am by admin
If the child eventually goes bankrupt, creditors may be eligible to seize the house. [read post]
19 Oct 2010, 10:24 am by ipandentertainmentlaw
Estate of Bobby Fischer As part of the materials for the 20th Annual Entertainment Law Institute held in Austin, Texas, I summarized several recent “estate” cases. [read post]
12 Sep 2011, 5:10 pm by admin
” While adding a child’s name to a bank account can seem like an easy way to give that child power of attorney, it is simply too risky as an estate planning or a financial planning strategy. [read post]
6 Feb 2012, 10:04 pm
As I have written before, when a child or spouse applies to vary a will under the Wills Variation Act in British Columbia, an executor must remain neutral. [read post]
27 Oct 2011, 12:58 pm by CJ.Harding
Unfortunately, many people ordered to pay child support have had to file for bankruptcy. [read post]