Estate planning, once limited to human beneficiaries, has now extended to include beloved pets in order to provide for their well-being after the owner’s death.
Those beneficiary forms you filled out years ago can supersede your other estate plans.
As life is unpredictable, it is better to start planning sooner rather than later. In fact, upon attaining the legal age of majority in your state of residence (typically at age 18), you should begin considering some form of an estate plan.
When it comes to pets and estates, there are two main rules to understand.
Cryptocurrency has changed the nature of what can be considered an asset, and that’s affected estate planning, too, the process of allocating your assets to your heirs on your death.
Certificates of deposit (CDs) are treated the same as other forms of property during the inheritance process.
Life is unpredictable. At least some uncertainties and concerns can be addressed with a good estate plan that offers a wide range of benefits intended to protect one’s well-being and family’s wealth.
Wills and trusts are typically changed over time as life circumstances, the state where you reside, or your desired outcomes change.
Unmarried couples don’t receive the same legal protections as married couples when it comes to inheritance and taxes.
With Lee’s death, his daughter, Joan Celia Lee, known as J.C., inherited his estate but continued to pursue various legal actions attempting to get “everything that’s mine.