One potential point of contention with asset distribution is deciding which assets to sell. The will may not provide guidance but doing so may be necessary.Remember, the estate may have certain expenses that need to get paid. This could include things like outstanding...
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Month: January 2020
Parental favoritism is real
Parents often say that they don't have a favorite child. Researchers say that's not true.A Cornell University study talked to 275 different mothers, asking them if they felt closer to one child than the others. Every mother in the study had at least two kids. These...
Dementia symptoms that could impact an estate plan
When an elderly loved one creates an estate plan while suffering from dementia, it can cause a lot of potential issues for family members. How accurate is that plan? Does it really reflect what they wanted? If there are things that heirs do not expect -- like getting...
Have a bad neighbor? These tips can help
Unfortunately, you cannot pick your neighbors. You may get a bad neighbor who constantly looks for ways to aggravate you or who actually infringes on your rights. Maybe they use your property without permission, build structures too close to the property line or start...
Financial exploitation is common with the elderly
Do you worry that someone used undue influence to exploit your elderly loved one and got them to change their will? Undue influence is often just a type of manipulation. The person convinces the elderly person that they want to change their will and pressures them...
Why would someone contest the terms of a will?
An estate plan outlines your loved one's wishes for what will happen with their assets when they pass away. It can also cover other areas, such as who will make decisions for them if they are unable to and what types of medical care they are willing to undergo toward...
A dispute could arise over an asset’s worth
Many estate disputes happen when people want the same asset. Maybe one child felt like their parents promised them the family home, but then it went to someone else in the will. Children also fight over far more minor assets, especially when they have sentimental...
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