If your aging parent gave one of your siblings (or someone else) their powers of attorney for medical and financial decisions, and you think it was a bad decision, should you contest the issue in court?
Traditionally, wills are the number one way that one generation passes its wealth to the next -- which is why the exact form a will can take is the subject of numerous laws and regulations that vary greatly from state to state. In many states, holographic wills -- wills that are handwritten by the testator rather than typed documents prepared by an attorney -- aren't even legal.
Were you one of the many people who rushed to divorce in 2018 before the new tax laws affecting spousal support were put in place? If so, you may have neglected a few important tasks. Specifically, it's time to revisit your estate plans.
It's hard to believe that one of the most prolific actors in Hollywood for decades -- Johnny Depp -- is broke, but revelations from several lawsuits make it appear that's exactly what has happened.
If you haven't gotten around to writing your will and creating a few other essential estate planning documents, you aren't alone. It's estimated that 60 percent of Americans currently don't have a will. In fact, the younger you are, the less likely it is that you have one.
Stan Lee, who was a real-life superhero to many comic book fans, passed away this year at 95 years of age after a prolonged illness. Unfortunately, his last few years were troubled as claims of financial malfeasance, familial abuse and missing money surfaced. Even after his death, it's still unclear what estate plans he had made.
It can be quite a shock to find out that you're not receiving the inheritance you expected or are cut out of the will entirely while you're still grieving the death of your loved one.
When making your estate plans, it really is better to start planning early. Waiting until you're already ill or on your deathbed is often a big mistake that can leave your family in turmoil after you are gone -- and thwart your final wishes.
What's going to happen to your dog or cat when you die?
Being named the trustee of someone's funds can be a somewhat overwhelming responsibility -- especially if you aren't sure what's expected.