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If you're the executor of an estate, an already complicated process can become even more complicated when one of the heirs listed in the deceased's will dies before he or she can collect the inheritance.At that point, two different things may be possible: 1. The...
The natural inclination when dealing with family money is to put a member of the family in charge of it.However, putting a family member in charge of a trust could be a recipe for disaster. Friendship and family bonds can often become strained once significant amounts...
Most people think that they'd be lucky to be remembered in someone's will -- but sometimes a bequest turns out to be more of a burden than a blessing.There are some situations that should make you think twice about accepting an inheritance: 1. You can't afford it....
In a previous post, we discussed the emerging struggle for control of Prince's estate following the famed musician's sudden death and the discovery that he'd died intestate, without a will.Now, a Minnesota judge has finally added some clarity to the issue by naming...
Do you have a good reason to disinherit someone in your will? If you do, you know that the would-be-heir may decide to contest the will in court. Experts say that wills are actually contested far more frequently than most people suspect -- yet they also say that as...
Trustees have an important duty to uphold -- and not everyone who is named as a trustee is capable of handling the responsibility.What can you do if you're the beneficiary of a trust and you no longer have faith in the trustee's abilities? Removing the current trustee...
Studies show that more than 50 percent of people don't have any sort of estate planning documents ready. Many of those people probably believe that they don't need estate planning because they're very young and just starting out or don't have any assets they think...
Sometimes, when someone dies, it isn't the will that's hard to locate -- it's one of the heirs named in that will.Wills often get written down and virtually forgotten. In the time between their creation and the testator's death, however, someone named in the will as...
Prince didn't just leave behind a treasure-trove of unreleased recordings and unpublished music -- the prolific musician also left behind quite a mess for his estate administrators to sort out.Just about everyone who ever had a hand in Prince's career while the artist...
There could be big changes coming to the way that nursing homes have traditionally operated, thanks to a case being heard by the United States Supreme Court.In the past, when a relative would check an elder into the nursing home, he or she would often be handed a...
