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January 2019 Archives

What you should consider before contesting an estate plan

Sometimes, people make decisions when drafting their estate plan that they don't discuss with their family. They may want to avoid the conflict inherent in telling a child that their sibling is getting more money than them or that they're leaving the bulk of their estate to their favorite animal rescue group instead of their children and other family members. They may feel that a friend or caregiver has done more for them in their old age than any of their kids and want to reward them accordingly.

4 important steps for estate accounting

When a loved one passes away and leaves you in charge of their estate, you need to start with a general accounting process that focuses specifically on all of the little details. Every penny matters. You need to know where it went, how it got used and why it got used that way. Leave nothing out.

Don't forget to update your estate plan before you remarry

If you're planning to give marriage a second (or maybe third) try in the new year, you likely have more assets and people to protect that you did when you married the first time. A prenuptial agreement can help you and your partner protect the assets you bring into the marriage and ensure that the financial well-being of any children you have from previous relationships is protected.

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