From the perspective of heirs, not all inheritances may seem equal. If an heir is unhappy with his or her inheritance, the distribution of a grantor's assets and property might be delayed by a probate dispute.
You worked hard for your money, so it only makes sense that you might want to have some influence on how your beneficiaries spend any assets you pass on to them in the form of an inheritance. At a minimum, an individual may not want an inheritance to be paid immediately to his or her heirs.
Even if beneficiaries are not fighting over an inheritance, might there be a reason for them to contest a will or trust? An attorney that focuses on estate planning knows that answer to be yes.
Let’s set the record straight: Estate planning is more about preparing for the future, rather than wealth distribution. The reason our firm takes this approach is that an estate plan may account for both financial and medical contingencies. In addition to a will, an estate plan may also include a healthcare proxy or living will, a power of attorney, and/or various types of revocable or irrevocable trusts.
At the beginning of a new year, people typically look forward to making a fresh start and resolve to be happier, healthier or more relaxed than they were the year before.