Insight on Estate Planning - August/September 2019

Related Practice: Estate Planning & Administration

Here's a brief glance at what you'll find in the August/September issue:

Protect your will from legal challenges

To avoid family disputes over a will after one’s death, it’s worth taking the time now to institute steps to protect the will from legal challenges. This article details four specific steps for bulletproofing a will. A sidebar explains the benefits and pitfalls of video recording the signing of a will. Read more to learn how to avoid legal challenges to your will.

Do you have questions about guardianship?

Parents of a newborn or toddler may be thinking about naming a guardian for their child. This can be a difficult decision, especially if a person has a plethora of choices or, on the other hand, has no one he or she can trust. Or perhaps a person is planning to petition a court for guardianship of a child. In either event, it’s important to adhere to the legal principles under state and local law. This article provides answers to common questions regarding guardianship. Read this Q&A about things to consider for guardianship.

Covering all the bases: Both your business and estate plan can benefit from a buy-sell agreement

A buy-sell agreement provides for the disposition of each owner’s business interest after a “triggering event,” such as death, disability, divorce, termination of employment or withdrawal from the business. However, to be effective, the agreement must include the appropriate provisions. It also should be part of one’s estate plan if the person has an interest in a family-owned or other closely held business. Learn more about the ins and outs of a buy-sell agreement. 

Estate Planning Pitfall: You’re setting up trusts in your home state

Generally, the logical place to establish a trust is in one’s home state. However, for a variety of reasons, that may not be the best option. One may be better off establishing the trust in a different jurisdiction. Read about the reasons for setting up a trust out of state.  

I'm a Trustee, Now What?

If you have been named as a Trustee, understanding the responsibilities that come with the role will make your life easier and help you avoid legal liability. This article highlights important things each Trustee should know.

If you have specific questions about your circumstances, contact a member of our Estate Planning & Administration practice.