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estate planning Archives

Ademption and abatement

Abatement occurs in a situation when an estate is too small to deal with the administration expenses and creditor's claims alone that would occur. This means that a process of allocating the scarce resources that do exist has to take place. The process of doing this is called abatement.

Estate planning for parents with disabled children

If you are a parent to a child with some type of disability, then it's never too early to start coming up with an estate plan. Having a plan of this sort in place is particularly critical in this case because it ensures some degree of continuity of care for your child should you become unable to render necessary decisions yourself.