Can You Dissolve a Generation Skipping Trust?
A generation-skipping trust is a type of irrevocable trust agreement that allows grantors to leave their assets to their grandchildren, “skipping” their children. While grandchildren are the most common beneficiaries of generation skipping trusts, anyone who is at least 37½ years younger than the grantor and is not the grantor’s spouse or ex-spouse can be […]
Siblings’ Rights After Parents’ Death: What You Need To Know
Key Takeaways Introduction After a parent dies and leaves behind assets for their children to receive, it may leave some remaining questions for the children to sort out as they look to understand their rights compared to their siblings. Understanding siblings’ rights after parents’ death can be complex. Issues like sibling inheritance rights, probate administration, […]
Can the Executor of a Will Take Everything?
Executive Summary Introduction A will’s executor is responsible for managing and administering the estate as outlined by the terms of the will. An executor has significant responsibility, but they are limited in their power and have a duty to only act in the best interest of the estate. If they breach this duty, then you […]
The Ultimate Guide to Duress and Estates
Duress and claims of duress often come into play in estate conflicts and trust litigation. For example, if a will or trust is changed to favor one beneficiary over another, it’s common for the negatively affected heirs to investigate why they’re missing out on their rightful inheritance. We see cases every day in which duress […]
The Guide to Mediation of Estate Disputes
Estate disputes that occur after a loved one passes away can be painful and exhausting, emotionally and financially. It’s for these reasons we often recommend that our clients participate in mediation to resolve their issues. In this guide to mediation of estate disputes, we’ll cover the primary things you need to know about how mediation […]
The Professional Trustee’s Guide to Estate Contests and Disputes
Estate contests and disputes can be intimidating for anyone, even a professional trustee. In this guide, we’ve answered some of the questions we’re commonly asked about estate and trust contests, estate disputes, and other issues professional trustees may face. What Are the Most Common Estate Contests and Disputes? Estate contests and disputes occur when an […]