A number of married couples think about their accounts and property as “yours, mine, and ours,” especially if either or both spouses have gotten or will be getting remarried, married late in life, or have brought or will be bringing significant amounts of money and property into the marriage. Deciding what should happen to all […]
Last month, this blog looked at the ongoing legal drama surrounding the probate of former Zappos CEO, Tony Hsieh’s estate. While that post focused on distribution of an estate when a person dies intestate (dies without a will), this post will focus on an interesting detail of the Hsieh case — namely whether Mr. Hsieh’s […]
Bankruptcy may be one of the last things on your mind when you are creating an estate plan. Fortunately, the number of bankruptcy filings has declined over the past several years, but there were still a whopping 544,463 bankruptcy filings in 2020.[1] What happens to your estate if you file for bankruptcy protection but die […]
Wills and trusts are the two basic legal instruments that people use to pass accounts and property on to their loved ones at death. Although a revocable living trust is often used in place of a will, the two are not mutually exclusive. You can have both a will and a trust, and in fact, […]
