Secondary beneficiaries may save your estate plan. Having backups in place is a wise move. It is helpful both personally and professionally. Backing up the
Jointly owned property may avoid probate. When more than one person has concurrent ownership of an asset, it is considered jointly owned. Some couples choose
Leaving a co-op apartment as an inheritance may prove difficult. In Kansas City, there are some rather tony co-ops in an area generally known as
Sometimes sibling rivalries extend to their inheritance. Siblings do not always get along. It is normal to bicker and argue while growing up. Most parents
A trust can be useful in various estate planning situations. More John F. Kennedy assassination-related documents were recently released to the public. This brings to
Yes! A last will and testament and a revocable living trust are both effective estate planning tools. Estate planning does not look the same for
Some people cannot avoid a will contest despite their best efforts. Estate battles of the rich and famous are often in the news. Small mistakes
A co-trustee can be helpful in the administration of an estate. Revocable trusts can simplify the distribution of assets after death. Often trustmakers (aka grantors)
Choosing agents requires careful consideration. Very considered consideration. Successful estate planning, including incapacity planning, does not rely on the validity of the signed documents alone.
“Upstream planning” is important with multi-generational wealth. Not all people have the same estate planning needs. Some people will use all of their retirement savings
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