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6 big causes of inheritance disputes
Several factors can lead to inheritance disputes, including: When there’s an inequality in the will An inheritance dispute can occur if a family member wasn’t included in the will or felt another member was favored over the others. This often happens among siblings if...
What are inheritance disputes?
An inheritance dispute occurs when the beneficiaries of a will disagree about how the person’s estate should be divided. How long does an heir have to claim their inheritance? The executor or trustee of the estate is responsible for informing beneficiaries of their...
How to get a will
In this section, we’ll cover everything you need to know about obtaining a living will yourself. Where can I get a will? Depending on the state of your affairs, you may decide to DIY it or hire an estate planning attorney. If you can DIY it, check with your state’s...
When should I get a will?
The best answer to this question is “as soon as possible.” No one knows when their health could fail them and they could become incapacitated. For example, you could suffer an unexpected stroke or get in a car accident tomorrow. When it comes to important health...
Living Will vs Last Will & Testament
A living will is not the same thing as a last will & testament. Living wills refer to medical decisions while last will & testaments refer to the inheritors of your property. As you consider your estate planning, know that your health and assets should both be...
Who should get a will?
Everyone should have a living will, no matter what their age. As you consider your estate planning, don’t neglect the medical portion of it. Most people are concerned with who will inherit their property when they pass, but don’t pay enough attention to their medical...
What is a Living Will?
A living will, a.k.a an advance directive or healthcare directive, is a legally-binding document that indicates which medical treatments and end of life care you prefer in the event you become incapacitated. This is especially important if you don’t have a durable...
Can a Power of Attorney be overridden?
In some cases, a power of attorney can be revoked or overridden. This can be done to protect the person in situations where they’re being abused, neglected, or taken advantage of by their appointed agent. Court-appointed guardian A court-appointed guardian can request...
What’s the difference between a living will and power of attorney?
The primary difference between power of attorneys and living wills is that a POA is designated to make decisions on your behalf. A living will on the other hand is simply a document that lists your medical preferences in certain scenarios. It can be referenced when...
Why should I have a power of attorney?
When Terri Schiavo fell into a coma in 1990, she didn’t have a will or a designated durable power of attorney, this would start an agonizing 15-year-old court process between Terri’s husband and Terri’s family about whether to let her live (on life support) or die...