Dividing Your Estate Among the Chosen Beneficiaries: Minimizing Confusion
It is essential to create a valid will and or trust to minimize the possibility of confusion among your chosen beneficiaries.
→ Read MoreDistributing Your Assets
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Options for Distribution of Assets in Your Estate
There are four basic options to distribute your assets, such as gifting, intervivos trusts, distribution on death through your will and distribution outside your will.
→ Read MoreFairness in Division of Family Assets
The easiest way to avoid conflicts and hurt feelings in distributing your assets in a will is to give an equal amount to each child; but this does not necessarily mean fairness.
→ Read MoreDividing Your Assets in a Will
Dividing your assets in your will, such as your home, car, furniture, bank accounts, stock, insurance policies, will minimize family meltdowns over distributions, especially if you are precise in your wording of your intentions.
→ Read MoreDisclaiming Inheritances
When someone’disclaims’ an inheritance, they refuse to accept all or part of it, whether it is money, real or personal property.
→ Read MoreDeeding a Home to Your Kids
Putting a child’s name on the deed in any manner’ by transferring the home to the child outright or making the child a co-owner (whether as a’tenant-in-common’ or a’joint tenant with right of survivorship’) gives the child a permanent ownership interest in your home.
→ Read MorePlanning for Your Disabled Child in Your Will
While routine estate planning can be daunting, planning for the care of your disabled child after you die can be a nightmare, and leaving an inheritance to a disabled child can create more problems than it solves.
→ Read MoreOut-of-State Real Estate In Your Will
A Will is especially important for those owning property in more than one state. As state laws vary, unless you have a Will, your principal residence in your home state may be divided one way, while that vacation home may wind up divided differently.
→ Read MoreLeaving Gifts to Minors in Your Will
Your estate planning will can be used to address two major concerns if you have young children’who will raise them if you die, and who will supervise property you leave for them. The supervision of property left for your children will be covered here.
→ Read MoreAssets That Do Not Pass Under a Will
Depending on the types of assets you own and how you hold title to them, you may not be able to convey all of your property to beneficiaries using a Will.
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