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Posts tagged "Estate Planning"

Can you protect your autistic child with a special needs trust?

Having an autistic child can change many of your plans for life. Decisions about everything from where you live to how you approach family meals may have to change. Once you adjust your expectations for the needs of your child, living with an autistic son or daughter can be a beautiful thing.

Tips to help you ask your parents about a will

Talking about a Will is tough. Your parents may not want you to bring it up because they simply feel uncomfortable talking about the end of their lives. You may feel nervous about asking because you do not want to sound like you just want to know more about your possible inheritance.

What are some estate-planning options for spendthrift heirs?

Parents, grandparents and others with heirs who have less-than-stellar fiscal aptitudes face additional estate-planning challenges. On the one hand, they want to provide these heirs with financial resources. But on the other, they want to ensure that any bequests don't become a loved one's undoing.

Have You Considered a Pet Trust When Setting Up Your Estate Planning?

If you are a loving owner of a cherished pet, it's likely that you have already worried about what might happen to Fido or Fluffy after you're gone. Companion animals provide their owners with unconditional love and devotion, so it's only natural that pet owners would want to ensure their pets are cared for.

The unintended consequences of incentive trusts

An incentive trust may help you ensure that your heirs act responsibly after you pass away. For instance, popular sought-after behavior includes things like getting a job, starting a company or graduating from school. Others involve family, as the trust could pay out extra if the heir gets married or has kids.

What is a third-party special needs trust?

When it comes to planning your wealth and taking care of all family members, it is essential that you look into all options fully. If you have a child that has a severe illness or disability for example, you may want to set up a trust that can help to support them with everything that they need. In desiring this, you may want to set up a special needs trust.

The different types of wills and testaments

There are many different types of wills and testaments, and many of which will be applicable in one state but not in another. For example, in some states, holographic wills are not considered valid, but in other states, they are perfectly legitimate forms of last wishes. The following are the most common forms of wills and testaments.

How to prove undue influence regarding a will

It can be a very concerning experience to believe that a loved one was coerced into making a will as another person intended it to be. If you have experienced this, you are likely to feel anger, and a determination to change the course of events so that justice is finally done.