The only correct short answer is, “It depends.” First, it depends on the wording of the deceased parent’s will or trust. Many such documents specifically provide for after-born children, but many others do not. Second, it depends on applicable law. Every state has a statute that is intended to protect the interests of...
Probate is the misunderstood evil step-mother of the estate planning world. Most shiver at the mere mention of the word. However, probate is widely misunderstood. This column will hopefully provide you with a better understanding of probate. Who knows, you may even like your step-mother if you take the time to get to know her.
My previous post, provided a basic understanding of estate planning, however, I couldn’t provide an specific advice regarding whether you need it. I directed you to discuss your specific circumstance with an estate planning attorney. If you think estate planning is something you want to look into, the first step is to find the best estate planning attorney for you.How do I find an estate planning attorney?
Estate planning is necessary because, as the old expression goes, “You can’t take it with you.” Estate planning is the process of putting together a plan, which will allow someone to step into your shoes to manage your assets in the event of your incapacity and carry out your wishes after your lifetime.