March 4, 2019 |
Is It A Good Idea to Attempt to Disinherit A Child?
You have the power to disinherit any or all of your children regardless of what state you live in, so long as you expressly name ...
Learn MoreIs It A Good Idea to Attempt to Disinherit A Child?
You have the power to disinherit any or all of your children regardless of what state you live in, so long as you expressly name these terms in your estate planning materials. If you fail to mention a child specifically in your individual will, that child could still maintain a legal right to claim a portion of your property depending on your individual state laws.
If you want to disinherit a child, you will need to sit down with your estate planning lawyer and discuss how you intend to do this directly. One of the leading ways that many spouses choose to approach this situation is to leave all of their property to the other spouse, while naming children as alternate beneficiaries.
This helps to protect and minimize the chances that someone could allege that a child was overlooked. There is no legal requirement that if you intend to disinherit a child you must explicitly state this inside your will, but you can if you wish to do so.
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Blog
February 27, 2019 |
How to Use A Limited Liability Company for Asset Protection Planning
When consulting with your estate planning lawyer about putting together an LLC for tax and business purposes, one of the most common reasons for doing ...
Learn MoreFebruary 26, 2019 |
How Does the Uniform Transfers to Minors Act Impact Your Estate Planning?
Through the Uniform Transfers to Minors Act you can leave gifts behind for your child or any minor in a living trust or a will. ...
Learn MoreFebruary 25, 2019 |
What is a Child’s Trust?
In a child’s trust, you are eligible to leave behind specified property to one child. This property will be held distinctly from any property left ...
Learn MoreFebruary 20, 2019 |
What Is A Residuary Beneficiary?
Selecting your primary and alternate beneficiaries is the first step to determining who will receive your property when you pass away. Outside of your will ...
Learn MoreFebruary 19, 2019 |
Do I Need to Inform My Beneficiaries That They’ll Be Receiving Items from My Estate?
After you’ve crafted an estate plan, how do you feel about telling some or all your beneficiaries that you have left property behind. Does it ...
Learn MoreFebruary 18, 2019 |
Should I Name A Couple as Co-Guardians of My Minor Child?
A will is the official estate planning document that you can use to name a guardian for your minor child in the event that something ...
Learn MoreFebruary 13, 2019 |
What Is A Primary Beneficiary?
The word beneficiaries can be confusing, but it refers to institutions or people that you intend to leave property to. There are a few different ...
Learn MoreFebruary 12, 2019 |
Understanding Joint Tenancy
There are several different types of shared ownership when it comes to property. One of these is known as joint tenancy. Property that is held ...
Learn MoreFebruary 11, 2019 |
Considering Your Digital Legacy
When you’re making a comprehensive plan for your estate property, don’t forget all of the materials you have stored online, such as digital files, your ...
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