You did the right thing for your family. You sat down and drew up a will. Maybe you saw the WillMaker program on sale at Costco, or maybe you said, "I drew up my will 30 years ago and like it the way it is, and I don’t need to pay no stinkin' lawyer to [...]
A lot of people come into my office and ask me if they should transfer their real estate into their kid's name while they are still living. Here is the typical reason they give for wanting to do that: If my child goes on the title to the property, (1) I save money by not [...]
More and more trust documents are being created due to an aging population. I’m seeing increasing problems administering trusts with provisions that allow family and loved ones to reside in a property included in the trust. Problems that commonly occur are payment of home expenses, exclusive possession of the premises, and downright disagreements among the [...]
There is generally only one conversation that children never want to have with their parents, and that is long-term planning. You may see the signs already—an aging parent is having a hard time handling the basics of independent living such as getting dressed or keeping food in the house. Or it might be that dad [...]
I think some people believe that if someone can’t sign their name or read due to a physical disability, they can’t create an estate plan. That is simply not the case. The law allows a person to execute documents by making a mark. The legal capacity to sign with a mark instead of a signature [...]
I was reading yet another sad story about a family that set up a sloppy estate plan. The plan involved a mother and four children. The mother had a bank account with roughly $400,000 in it, and she was going to split the cash into four equal shares. However, for lack of better judgment, the [...]
I recently came across a question by a father. He wanted to know how to protect his inheritance that he wanted to leave to his son and daughter. The father had acquired about four rental properties and wanted to give his son and daughter two properties each. All the properties had no mortgages and were [...]
I was just reading a legal question-and-answer website about a couple who was dating and wanted to know when they needed to update their wills. The couple has a basic will plan, but they plan on getting married and having kids within the next few years. It sounds like this couple is on the ball [...]
On a legal website, I recently read a question asked by a child who wanted to know what is going to happen to her mother’s estate when she died. The child mentioned that the county, through a public guardian, had a conservatorship over the mother. The child also stated that the county had created a [...]
I was recently reviewing a living trust estate plan for an individual. The plan had been outdated for quite some time. As I was reviewing this individual’s plan, I noticed that most of the plan was from the 1990s. But the pages were not all the same color or format, which indicated that pages had [...]
