Following a person's death, estate settlement or administration is usually required to distribute the decedent's estate and assets to the rightful inheritors and settle their final affairs. However, the estate administration process doesn't always unfold seamlessly. Disputes and conflicts may occur between surviving loved ones or with the executor. A knowledgeable estate planning attorney can educate you about some common estate disputes as well as possible resolutions.
Estate planning is a complex process that helps accomplish many goals, including preparing for your future and ensuring that your loved ones are taken care of in the event of your death. A pour-over will could be a great addition to your estate plan. However, many people do not understand what a pour-over will is.
Even if you know you need an estate plan in place, it’s often hard to know exactly what documents you’ll need and how to set them up to ensure your loved ones are taken care of after you pass away. Most people begin estate planning by writing a simple will, and while this is a great first step, it often won’t give you the protections and flexibility that a trust can.
While it may be tempting to use DIY estate planning tools to save some money, doing so carries some risks and pitfalls. Estate planning requires careful consideration of a number of factors and in-depth knowledge of state laws.
When it comes to estate planning, many people are familiar with trusts as a way to safeguard and transfer property such as real estate and investments. A gun trust is a separate entity all together and another valuable tool that offers tremendous advantages. Its benefits apply not only after your death, but also during your lifetime.