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When it comes to creating your estate plan, how do you decide who to name as fiduciaries? How do you determine how to dispose of assets when you have favorite relatives? These are common issues that typically arise in situations with unmarried individuals who may or may not have children. When naming agents, there are many factors to balance and consider. For example, you may not want to name a child who lives across the country as your health care agent and instead appoint a… Read more
In the early stages of this blog, I reviewed and discussed several ways that we could “Learn from Famous Mistakes,” such as failing to update an estate plan post-divorce and dying while in the midst of divorce proceedings. These issues continue to arise in my practice with great frequency, and I thought it would be helpful to assimilate some advice here for those contemplating or going through divorce and those who have recently become divorced. Before and During Divorce In most cases, nothing stops you… Read more
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