Sometimes, estate planning doesn’t go as smoothly as we would hope. Disputes can arise from almost any aspect of estate planning, especially when you consider that many topics in this area involve emotional issues. When it comes to estate planning disputes, not every situation has to end up in litigation or before a judge. In many disputes parties can use alternative dispute resolution as a way … [Read more...] about Alternative Dispute Resolution in Estate Planning
Understanding how estate planning plays a role in your life is not always easy to do, especially when you consider issues such as the statute of limitations. Many people are familiar with the idea of a statute of limitations in that it imposes a kind of timeline on people and requires them to act before it’s too late. But how does the statute of limitations affect estate planning? To help explain … [Read more...] about What is the Statute of Limitations on an Estate Plan? Commonly Asked Questions
Estate litigation often arises because people create estate plans that ignore some important issues. A good estate plan looks ahead to what might, and will, happen to you and your family in the future. Making inheritance choices that avoid the potential for family conflict is a key step in preparing a good plan, and one that will also help your loved ones to avoid needless litigation. While it is … [Read more...] about Avoiding Estate Litigation With 3 Simple Tips
One of the goals of estate planning is to ease the burden of your passing on your loved ones, while facilitating the distribution of your property. You always hope that your family will understand and accept your wishes, but family dynamics and emotions can get the better of them. Estate litigations, such as contesting a will or disputing a trust, can not only tie up assets, but lead to more … [Read more...] about Reducing the Risk of Estate Litigation
You’ve probably heard of people including no-contest clauses in their wills and trusts. A no-contest clause is language that’s included in an estate planning document providing that any heir or beneficiary who unsuccessfully challenges the will or trust will lose their inheritance altogether. However, have you heard of including a mandatory arbitration clause in your trust? This is language … [Read more...] about What is a Mandatory Arbitration Clause?