Keeping Your Estate Plan Current: Adapting to Life's Milestones
What shall we ever do, and how shall we ever accomplish: our estate plan?
What are the most important questions to ask a estate planning lawyer?
It is hard to understand what are the important questions in estate planning. Here are some things to get you started.
What happened to Prince’s stuff after he died?
After Prince's death in April 2016, his estate went into probate and has been the subject of ongoing legal battles. Prince did not have a will at the time of his death, which complicated matters. The estate is estimated to be worth over $200 million and includes his music catalog, unreleased recordings, real estate holdings, and other assets.
Prince's sister and his five half-siblings are the legal heirs to his estate, but there have been disputes over how it should be divided. In 2017, the estate entered into a deal with Universal Music Group for the rights to Prince's music catalog. The estate has also released several posthumous albums, including "Piano & A Microphone 1983" and "Originals," which feature previously unreleased recordings.
As of now, the legal battles over Prince's estate continue, and it remains unclear how the assets will ultimately be divided among his heirs.
My dad is having issues remembering things. Does he have capacity to create a trust and will?
The creation of a trust and will requires the person to have "testamentary capacity," which means they must be of sound mind and able to understand the nature and extent of their property and the effects of their decisions. They must also be able to remember and communicate their wishes clearly.
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How do I set up a Special Needs Trust in California
How do I set up a special needs trust in California
My sister created a will and trust for my mom and made her sign it. What shall I do?
sis making mom sign a trust and will?
My mom and dad died and I found two wills. One of the wills is very favorable to me. Can I destroy the other one?
Can I destroy a will?
My dad died, and I found two very different wills executed on the same day. What shall I do?
what happens when there are two wills.
My dad died and his will and trust are in a safety deposit box. What shall I do?
My dad died and his will and trust are in a safety deposit box. What shall I do?
Uncle taking my cut?
What happens if someone has an undue influence on your potential inheritance?
What is Arag Insurance and can I use it for estate planning
What is Arag Legal Insurance?
All the beneficiaries of my trust have died. What shall I do?
What to do when all the Beneficiaries are dead.
The Trustee of my dad's trust died and my brother is transferring money out of the trusts bank accounts. As a beneficiary what can I do?
What can you do if you suspect foul play in your parents trust?
I am establishing my estate plan in California and I own a number of domains. Should the domains be transferred to my trust?
I am establishing my estate plan in California and I own a number of domains. Should the domains be transferred to my trust?
What are the most important questions to ask an estate planning lawyer?
As the grantor of the trust, should I worry about digital accounts and assets?
Yes, as the grantor of a trust, you should be concerned about digital assets, including online bank and investment accounts, social media accounts, email accounts, and any other online accounts that may hold assets such as cryptocurrency or domain names.
It is important to include these assets in the trust document and provide the trustee with the necessary information to access and manage them. This includes login credentials, recovery options, and any specific instructions or restrictions on their use.
You should also consider updating your online accounts and services to reflect the trust as the account holder, if possible. This can be done by changing the account holder name to the trust name, and updating the contact information to the trustee's. This will ensure that the trustee has the ability to manage and access these assets in the event of your incapacity or death.
My father named my brother and I co-trustees of his trust and then he died. My brother immediately transferred all the cash to his account. What shall I do?
If your father named you and your brother as co-trustees of his trust, and your brother transferred all the cash to his account, it can be a serious breach of trust.
If my parents property is in a trust, can I still file a probate action to enforce the will?
My father died in a car accident and his last action was to text me saying I revoke my trust and will. I am the trustee. What shall I do?
If your father died in a car accident and his last action was to text you stating that he revokes his trust and will, it can be a complex and difficult situation. Here are some steps you may consider taking:
1. Review the text message: Carefully review the text message to ensure that it was sent by your father and that it clearly states that he is revoking his trust and will.
2. Consult with an attorney: Consult with an attorney who specializes in trust and estate law to help you understand the legal implications of the text message and to advise you on the best course of action.
3. Review the trust and will documents: Review the trust and will documents to ensure that they have been revoked in accordance with the legal requirements.
4. Notify beneficiaries: Inform the beneficiaries of the trust and will and keep them informed of the steps you are taking to resolve the issue.
5. Consider seeking court resolution: If the text message is considered a valid revocation of the trust and will and it's not executed in accordance with the legal requirements, or if there is any doubt about the validity of the text message, you may need to petition the court for a determination of the validity of the text message.
6. Seek Probate: If the trust and will are revoked, the assets of the decedent will be distributed according to the laws of Intestate Succession, in this case, a probate action will be necessary.
It's important to note that the revocation of the trust and will by text message, may not be considered a valid revocation in some states and the laws may vary, so seeking legal advice and guidance is crucial in this situation.