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August 2015 Archives

Who is allowed to challenge a will, and under what circumstances?

After a loved one or family member passes away, one of the most divisive and difficult moments of the event can be dealing with the will. This is a crucial document to the deceased individual's estate plan, and it dictates how much of the estate will be distributed and handled after he or she has passed.

What impacts is technology having on senior living situations?

When a senior is thinking about the possibility of having to leave their home and move into an elder care facility, there are many worries they may have. They may be concerned about the emotions of leaving a long-time family home, how much independence they would lose by moving into a facility and what long-term financial implications them moving to an elder care facility would have on them and their family. Thus, most elderly individuals hope to stay in their own home, and out of a care facility, as long as possible.

Helping after-death gifts go to your loved ones rather than their creditors

When a person sets up an after-death gift of assets to a loved one, they generally want as much of that after-death gift to go to their loved one as possible. Thus, one thing they might be concerned about is the possibility of portions of the gift being directed away from their loved one towards others. An example of a type of such asset redirection that one might be worried about happening after their death is their loved one losing portions of the gifted assets through creditor actions or lawsuits.