wills

Should You Trust an Online Service to Draft Your Will? Here’s What You Need to Know

Many Americans overlook the importance of writing a will when it comes to estate planning. According to a survey conducted by Caring.com, two out of three adults in the United States do not have an estate plan. However, the COVID-19 pandemic and inflation may have prompted some individuals to consider creating a will. According to the survey, the number of younger Americans in 2024 are 63% more likely to have a will. The creation of …

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Don’t Make a Mistake! Discover Which One is Better: Wills or Trusts

Wills and trusts are two essential estate planning tools that serve distinct purposes. While both documents allow individuals to dictate how their assets will be distributed after their death, they operate differently and offer different benefits. The following are the key differences between wills and trusts, highlighting their functions, advantages, and limitations. Wills: The Basics:  A legal document known as a will or last will and testament is used to express a person’s final wishes …

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Inheritance Dispute Dilemma: Thousands of Families Caught in Emotional Legal Battles Over Wills

London, England – Inheritance disputes are on the rise in England and Wales, with thousands of families getting entangled in legal battles over wills. Estimates from specialist solicitors suggest that as many as 10,000 people are disputing wills each year, a significant increase from previous years. The passing of the property-rich baby boomer generation, a rise in second marriages leading to disinherited stepchildren, and the prevalence of dementia influencing challenges to wills are cited as …

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Avoid the Drama, Spill the Tea on Your Will

When you decide to leave items to different people, inevitably someone feelings get hurt. After you are gone there is no way to fix it. The damage it can cause could be irreplaceable ad your heirs might not talk to each other. The best way to resolve these issues is to communicate with your love ones. Tell them why you are leaving so and so the beach house, etc. This will save them a lot of heart break in the end and help them understand your logic.

How should you divided your assets?

The Benefits of Wills and Trusts

Surprisingly, 55% of Americans don’t have a will, but they’re crucial documents since they direct the distribution of your assets after your death. Without one, state laws determine who gets your assets, and your heirs may face delays and expenses trying to claim their inheritance. Here are some key facts about wills: