During a period of over ten years of economic growth in the US, citizens were concerned about running out of money and were hesitant to spend. In 2019, Bloomberg reported many wealthy retirees were sitting on their wealth while large…
Probate litigation encompasses disputes related to guardianship and conservatorship, contests involving wills and trusts, conflicts over family real estate, and disagreements concerning the true intent behind gifts. The most successful approach to mitigating or avoiding probate litigation risk is carefully…
Equitable distribution of assets among children is an obvious and correct decision in many situations. Yet, in some families, each child receiving the same inheritance can be inappropriate, deplete the estate’s assets due to ensuing litigation, or cause other family…
There are many family circumstances that can increase the risk of probate litigation, but there are two main causes: disagreements around handling mentally incapacitated family members or, after death, disagreements regarding the dissolution of estates. High-risk factors that often bring…
Legally binding real estate contracts define each party’s role and obligations in a property transaction. Attachments to the agreement may include clauses and contingencies. Reading and understanding your contract is important, especially paying attention to specified deadlines and dates, legal…
You’re ahead of the curve if you’ve already created a will to protect your assets and beneficiaries since roughly half of all Americans don’t have one. While a will is a necessary document that every person who owns assets should have,…
It’s never a good idea to remove all contingencies from your real estate purchase. Waiving necessary due diligence during the mortgage, appraisal, or inspection process to close may cause long-term consequences. In some states, real estate agents may face litigation for…
As their executor or personal representative, someone chose you because they believed you would be trustworthy to manage their assets and affairs after their passing. Even though the decedent nominated you to be their executor, you will still need to…
Human history has never witnessed a financial period like this. Baby boomers preparing to pass on their legacies through estate plans put America at the brink of the largest ever transfer of wealth. Over the next 25 years, projections estimate 68.4 trillion…