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Alternative Dispute Resolution, or ADR, is a way of resolving conflicts outside litigation. An ADR clause requires parties to use collaborative methods, including negotiation or mediation, before litigating a dispute, whether you have contracts with partners, vendors...
Legally, a trust and its beneficiaries are two distinct entities. When you create a trust and fund it by the book, the assets held in it belong to the trust, not to the individuals who will benefit from the trust's proceeds. As such, some trusts offer a form of asset...
Lack of testamentary capacity is one of the legal grounds for contesting a will. If proven, the probate court may revoke and set aside the will. As a result, the court will distribute your possessions in line with state laws, and your estate plans could go up in...
Many people find thinking about their eventual death to be intensely unpleasant, so they procrastinate about creating an estate plan. If you have already taken the crucial step of creating an estate plan, you may feel better prepared than the average adult for...
Experiencing the death of a family member is never easy. Still, in the midst of your grief, you find that they chose you to help execute their will. Depending on your family, they may have been open about their final plans, or you may have been surprised to find a...
Estate planning is extremely important and it is certainly something that everyone should consider. The process allows you to ensure that your loved ones are looked after in the event that something happens to you. While all legal adults can draft a will and implement...
When you start planning your estate and creating a will, one of the many questions you may be asked is who the executor of your estate will be. This could throw you off guard if you don’t know how an executor functions in your will. You shouldn’t have to be in the...
One of the primary reasons why people create wills is to ensure that their wishes will be understood and honored when they are no longer around to make important decisions. Unfortunately, we live in a litigious world. It is not uncommon for the will to become the...
When people start setting aside assets and considering who will inherit their estate, there are a couple of mistakes people may make, making it harder for family, friends and loved ones to inherit from your estate and even cause estate disputes. Here’s what you should...
Estate planning is a helpful tool to help you transfer your investments to the people you care about. You may be interested in passing your home on to your children, for example, or sending money to a cousin or grandchild when you pass away. Estate planning allows you...
