In some common estates, overlooking the fact that a beneficiary listed on an asset supersedes a beneficiary listed in a will causes problems with beneficiaries and what they inherit. Because assets with a designated beneficiary goes to the beneficiary, the property is not part of the estate. ...
he does make discretionary decisions, including final burial arrangements, asset management and disposition of assets. Conflict can arise if other beneficiaries, particularly family members, feel the executor is not acting responsibly or in accordance with the deceased's wishes or is acting for his ow...
Otherwise, problems may result for your beneficiaries and your executor. In essence, common sense leading to good decision making is the formula for a sound estate plan. Continue reading → Designating Beneficiaries Using Per Stirpes or Per Capita 02 Monday Oct 2017 Posted by Robert Dowling in...
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there are many options in selecting a strategy designed to execute your estate plan. Since forming a strategy involves many decisions, you need to use common sense to make good decisions. Otherwise, problems may result for your beneficiaries and your executor. In essence, common sense leading to...
She named as beneficiaries a foundation and her brother, who was two years younger than his sister. A long-time friend was named as trustee. However, the woman, who had dementia and other medical problems, subsequently replaced the trustee with the son of her brother's recent much younger ...
Otherwise, problems may result for your beneficiaries and your executor. In essence, common sense leading to good decision making is the formula for a sound estate plan. Continue reading → Why a Residuary Clause in a Will is Necessary 13 Monday Nov 2017 Posted by Robert Dowling in Probate...
there are many options in selecting a strategy designed to execute your estate plan. Since forming a strategy involves many decisions, you need to use common sense to make good decisions. Otherwise, problems may result for your beneficiaries and your executor. In essence, common sense leading to...
Discuss the testator's wishes for a funeral or memorial service, including instructions for burial or cremation. Discuss the will with the testator and, if possible, with the beneficiaries to minimize problems in the future. Have a copy ofall documents. Gather this information as soon as possibl...
Discuss the will with the testator and with the beneficiaries if possible. This can help minimize problems and surprises in the future. Get copies of important documents such as the will, a letter of intent, and anypowers of attorney. It may be helpful to consult anestate-planning checklistto...