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289 items found for "will changes"
- Shop Around for Medigap Insurance
’s quite a range of prices for Medicare supplement insurance (Medigap) policies, and there’s a good chance bargain and a better rate, switching to another policy can be tough since insurers in most states can charge You may be able to change plans at certain times, so review the state’s insurance department rules.
- Singles are People Too and Need to Save for Retirement
purchase a long-term care insurance policy to cover nursing-home or home-care costs, as there’s a good chance
- Proposed Regs Aim to Place Restrictions on Valuation Discount Planning
The changes would refine the definition of “applicable restriction.”
- Saints Owner Will Call Another Play in Fight Over Trusts
Benson’s attorney says his client has a right to change the notes offered in January 2015.
- Super Bad” Battle Still Raging over James Brown’s Estate
While the settlement fully resolves the Will contest claims of James’ children, the fight is far from over. Brown’s wife, Tomi Rae Hynie, is still contesting the Will, making the status of the Will’s validity still unresolved. About a year ago, the South Carolina Supreme Court put everything on hold. Now the only thing still in progress is the question of whether or not Tomi Rae Hynie is the legal spouse of James Brown. That issue is being heard by the Court of Appeals. It is the one issue where all the Brown children are united: they want the judge’s ruling that Tomi was Brown’s spouse overturned. If she’s his wife, she controls the money flow from Brown’s copyrights. That’s money that should go into a trust, according to the Will. If Tomi Rae isn’t Brown’s wife, the kids control that money. If the appellate court rules that Tomi Rae is indeed the legal wife of James Brown, then they’d have to next determine if the prenuptial agreement is valid. The court could hold that she’s not the wife, or they could decide it’s a jury issue. If so, this could go on for years. As it stands now, the four adult children named in the settlement would keep the property Brown wanted them to have, remove the Will contest clause, and give them $147,000 collectively. As a part of the deal, they’ll cooperate with the estate and end their legal fight. Reference: WRDW.com (January 26, 2016) “James Brown Estate: What a settlement means for other pending lawsuits” #ProbateAttorney #Probate #ProbateCourt #Inheritance #LeaugeCityWills #ClearLakeEstatePlanning #WebsterEstatePlanningLawyer
- The Importance of Beneficiary Designations
Also, it’s important to keep these choices up-to-date with changing circumstances.
- What Happens in Probate Court? A Comprehensive Guide
Contested Wills – If the will’s validity is challenged by heirs or beneficiaries, probate can be significantly
- Retirees Help Us Learn from Mistakes
When you retire, your amount of financial risk needs to change.
- Who Gets My Stuff if I Die Without a Will?
Legally, these items are referred to as “tangible personal property,” but it could be dad’s stuff. What happens to this stuff after someone dies depends on many factors, and one of the biggest is whether he or she dies without a will, or “intestate.” Credit.com’s recent post, “Who Gets the Family Heirlooms When I Die?” looks at what happens to someone’s stuff when there’s no will. When there’s no will, the state law for intestacy where the deceased was living applies to determine who inherits his or her tangible personal property. In the majority of states, if the deceased was married, much of the tangible personal property will go to the surviving spouse. However, in blended families, the law typically notes a percentage or faction—such as one-third or one-half. Figuring out exactly what that fraction is can be a problem. For example, what’s a third of the couch or one half of the jewelry? When children and step-children are involved, things can unravel fast because there are no instructions to determine who gets what. One idea to avoid an epic meltdown is a lottery system where the heirs take turns selecting and pick what they want according to the numbers they’ve drawn. Rather than put your family through this, your best option for dealing with your tangible personal property is to draft a will or a living trust that includes a specific heirloom list and a formula for distributing things that are not on that list to ensure that your wishes will be legally enforceable. Work with a knowledgeable and experienced estate planning attorney so that the stress and fighting is minimal when the day comes to decide who gets your stuff. Reference: credit.com (February 14, 2016) “Who Gets the Family Heirlooms When I Die?” #ProbateAttorney #TrustsandEstates #Probate #ProbateCourt #Inheritance #SugarlandEstatePlanning #ClearLakeWills #Trusts #LeagueCityEstatePlanningLawyer
- 92-Year-Old Media Mogul’s Health and Succession Plan Closely Watched
Herzer had been the agent in charge of Redstone’s advance healthcare directive until mid-October, when She filed the suit after she was removed as Redstone’s agent in charge of his advance healthcare directive She claims that Redstone wasn’t in charge of his faculties when the decision was made to remove her.
- Reforming a Will Because of a Mistake
The Wills, Trusts & Estates Prof Blog reported on this case in “Unambiguous Will May Be Reformed Because Consequently, this is the reason courts have generally been unwilling to rewrite potentially mistaken wills If you have had changes in your life or in the lives of your loved ones, then do not delay that phone Reference: Wills, Trusts & Estates Prof Blog (October 23, 2015) “Unambiguous Will May Be Reformed Because
- “Super Bad” Battle Still Raging over James Brown’s Estate
While the settlement fully resolves the Will contest claims of James’ children, the fight is far from over. Brown’s wife, Tomi Rae Hynie, is still contesting the Will, making the status of the Will’s validity still unresolved. About a year ago, the South Carolina Supreme Court put everything on hold. Now the only thing still in progress is the question of whether or not Tomi Rae Hynie is the legal spouse of James Brown. That issue is being heard by the Court of Appeals. It is the one issue where all the Brown children are united: they want the judge’s ruling that Tomi was Brown’s spouse overturned. If she’s his wife, she controls the money flow from Brown’s copyrights. That’s money that should go into a trust, according to the Will. If Tomi Rae isn’t Brown’s wife, the kids control that money. If the appellate court rules that Tomi Rae is indeed the legal wife of James Brown, then they’d have to next determine if the prenuptial agreement is valid. The court could hold that she’s not the wife, or they could decide it’s a jury issue. If so, this could go on for years. As it stands now, the four adult children named in the settlement would keep the property Brown wanted them to have, remove the Will contest clause, and give them $147,000 collectively. As a part of the deal, they’ll cooperate with the estate and end their legal fight. Reference: WRDW.com (January 26, 2016) “James Brown Estate: What a settlement means for other pending lawsuits” #Pearland #ProbateAttorney #HoustonEstatePlanning #HoustonWills #Friendswood #Probate #ProbateCourt #Inheritance #Clearlake #HoustonEstatePlanningLawyer #Webster