When planning an estate, many people are confronted for the first time with the phrase “testamentary capacity,” which is a legal term that refers to a person’s mental capacity to draft a will or create a trust. If a court finds that a person lacked testamentary capacity, then it will invalidate any will that the […]
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While most people will outlive their pets, some do not, which can raise concerns amongst pet owners, especially the elderly, about who will care for their animals after they pass away. In some cases, an informal agreement with a loved one or close friend is enough to put the owner’s mind at ease, but in […]
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How to Plan for Minor Children – Part 2 Parents & Grandparents: A Trust May Be the Best Option for Asset Distribution Last month we looked at guardianship, the first of two issues that affect planning for minor children. This month we will look at some ideas for leaving money to minor children. We start […]
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While many testators want to leave their estates to a surviving spouse or another party, it is also not uncommon to take steps to ensure that the remainder of the estate will be available to someone else after the first beneficiary passes away. When drafted correctly, these documents can help families avoid conflict over the […]
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