Most people associate estate planning with creating wills or trusts to dispose of personal property, real estate holdings, and bank account balances. However, in order to prevent a will or trust from being contested, testators and trustors must also be sure to designate beneficiaries who will collect insurance, pensions, and retirement benefits. Failing to take […]
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When an elderly parent or grandparent plans their estate, they may be apprehensive about leaving substantial sums of money to teenagers or young adults, who may misspend or waste the funds. Some parents and grandparents attempt to avoid this by setting up a trust that distributes funds at certain ages. For instance, a grandchild could […]
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Although it is not always possible to prevent a disgruntled family member from contesting a will, there are steps that testators can take to help reduce the chances of a will contest. Unfortunately, even when testators are careful to abide by all procedural rules, their efforts may come to nothing if the family members are […]
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Wills can be contested for a number of different reasons. For instance, a will may not have been signed and executed in accordance with state law or a decedent may have lacked the testamentary capacity to draft a will in the first place. However, it can be extremely difficult to successfully contest a will. As […]
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