Children with special needs require additional planning and care. Special needs children often require expensive care for the rest of their lives. Many parents may think that it will be beneficial to simply leave inheritance in their will to their child....
Estate Administration & Probate
Is naming an out-of-state executor a bad idea in estate planning?
On Behalf of Newman Law Group | Mar 30, 2015 | Estate Administration & Probate
Readers of this blog have been advised to keep their estate plans current. Life events may result in changed circumstances that make existing provisions in a will or trust obsolete.Take the example of moving to another state. According to U.S. Census Bureau data, this...
Are there estate assets that don't have to go through probate?
On Behalf of Newman Law Group | Jan 26, 2015 | Estate Administration & Probate
For individuals who want to avoid the public disclosure, administrative hassle and cost of probate, it can be important to understand what types of property are considered non-probate assets.Perhaps the most common strategy for avoiding probate is a trust. Any assets...
Are there proactive strategies for avoiding inheritance disputes?
On Behalf of Newman Law Group | Jan 19, 2015 | Estate Administration & Probate
Beneficiaries of a will or trust might be surprised by the bequests left to them. But what happens when that initial surprise wears off? A legal challenge to a will or trust might be one outcome. Can a grantor take proactive measures to minimize the risk of an...
How does a family business impact estate planning?
On Behalf of Newman Law Group | Dec 22, 2014 | Estate Administration & Probate
Estate planning is important for everyone, but for families with a small business, there are extra considerations.As a practical matter, a small business owner’s wealth is probably tied up in the business. As a result, a business owner needs to have a plan for...
Can life insurance disputes undermine your estate's privacy?
On Behalf of Newman Law Group | Dec 15, 2014 | Estate Administration & Probate
Although readers may understand that life insurance proceeds generally count toward an estate’s valuation, they may not realize the privacy implications. To protect an estate’s privacy, an attorney that focuses on estate planning might recommend naming a trust as the...
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