Estate Planning Essentials: March 2019
Chambliss Estate Planning Essentials brings you legal developments and other trends of vital interest in the world of estate planning. This post is brought to you by Dana Perry and other members of the Estate Planning Practice Group of Chambliss Law Firm.
Chambliss Law Firm Monthly Editorial
Spring Cleaning for Your Estate Plan
by Cameron Kapperman, Attorney
Ah, spring – that glorious, refreshing season of glowing sunshine, outdoor activities, beautiful flowers, and… deep cleaning? Indeed, for many, spring cleaning represents a yearly tradition of decluttering, discarding, and donating, all with the end goal of creating an inner sense of peace, comfort, and security. While it takes a little effort and elbow grease, the ritual of spring cleaning ultimately ensures that the house is prepared for the year to come.
Similarly, your estate plan may need some periodic “cleaning” to ensure that you and your loved ones are prepared for the years to come. The circumstances of your life are not static, and neither are the applicable laws that govern estate planning practices. It is important to periodically review and revise your estate plan to ensure that your “house” remains in order.
Here are four things to consider when deciding whether it is time to do a little “spring cleaning” to your estate plan: [Click to read the full article.]
What to Do When a Loved One Passes Away
Whether your spouse has just passed away or you have lost your mom or dad, the emotional trauma of losing a loved one often comes with a bewildering array of financial and legal issues demanding attention.
What Is Required of an Executor?
Being the executor of an estate is not a task to take lightly. An executor is the person responsible for managing the administration of a deceased individual’s estate.
Use Your Will to Dictate How to Pay Your Debts
The main purpose of a will is to direct where your assets will go after you die, but it can also be used to instruct your heirs how to pay money that you owe.
Disinheriting a Relative Can Be Complicated
You may feel that you have given one child more during your life, so he or she should get less in your will. Or you may want to cut out an heir altogether. Whatever the reason, disinheriting a close relative–especially a spouse or a child–can be complicated.