Tag Archives: inheritance
Receiving an Inheritance Could Change Your Own Estate Plan
Receiving an inheritance can be a significant blessing, but can also result in some financial complications. The beneficiary might not know how to best manage the money, resulting in some financial troubles. When you receive an inheritance, it is important to spend some time readjusting your own financial situation and to review your estate plan, […]
What Happens if a Will Beneficiary Passes Away Before Inheriting?
During the estate administration process, the personal representative might discover that a named beneficiary under the will, predeceased the testator. What happens next depends on what is written in the will. The testator may name a contingent beneficiary, in which case that person would inherit. But if there’s no alternate beneficiary, the property might go […]
What You Can Do to Make Sure Your Grandchildren Get Their Inheritance
If one of your estate planning goals is to leave behind assets for your grandchildren, there are several steps you can take to accomplish this. The most important decision you can make is to have open, frank discussions about your estate planning goals with your adult children. If you want to be certain assets pass […]
Will an Inheritance Affect Child Support?
Child support arrangements can be modified when the person paying or receiving child support experiences changing circumstances in their life, including the amount of money they have. It is worth noting, though, that in most cases gifts and inheritances are not included in calculated income for child support purposes. Still, a court can consider an […]
Important Tips for Including Stepchildren in Your Will
Unless you have legally adopted them, your stepchildren do not have any legal right to an inheritance from you. Therefore, to make sure your stepchildren inherit part of your estate, you should name them in your will or trust documents. Below you will find some information about how you can manage your stepchildren and their […]
What You Cannot Change by Avoiding Probate
Avoiding probate is one of the more common goals people have when they’re engaged in estate planning. Although there are numerous trusts and other estate planning tools that can help you circumvent probate, it is important to remember that bypassing probate does not allow you to avoid other important obligations. Below are a few examples […]
Key Estate Planning Tips for New Parents
The moment you become a parent is the same time that creating an estate plan becomes much more urgent. Many of new parents are unfamiliar with the strategies and tools associated with estate planning, making it somewhat of an overwhelming experience. However, estate planning does not have to be overwhelming. The following are three simple […]
What are the Regulations for Creating a Will in Florida?
A last will and testament allows you to designate the beneficiaries who will inherit your property upon your passing. If you die without a will, your property will be distributed according to the laws of intestate succession, in which the state handles the distribution of your assets and property. The same could be true if […]
Florida Woman Faces Charges for Allegedly Altering Stepfather’s Will
A Florida woman is facing criminal charges for grand theft, fraud and forgery after she allegedly altered her stepfather’s will to steal the inheritance. According to reports, the 46-year-old woman filed court documents in July 2013 shortly after her stepfather passed away. In those documents, she falsified the value of his estate and forged her […]