A Weekly Update on Everything Wills, Trusts, and Estates
Will Contests: Potential Pitfalls
Although our firm focuses mostly on drafting and planning, it is virtually impossible to be a good draftsperson and advisor without a deep understanding of the potential pitfalls that could lead to litigation.
Many of us are apprehensive about estate planning. Creating a will, authorizing a power of attorney, and setting up a healthcare proxy to designate someone to speak for you when you can’t advocate for yourself can be grim topics.
Most of us hope to live a long life and make it to a ripe old age. But at some point, the aging process may impact your capacity to manage your finances and medical care. You’ll need some help.
Over the past few years, the demand for cryptocurrency has skyrocketed. Cryptocurrency is a “digital, encrypted, and decentralized” currency (Forbes, 2022).
What We Can Learn from Larry King’s Handwritten Will
The death of talk-show host Larry King and ensuing conflict between his wife and oldest children demonstrates an important lesson in the value of drafting a clear estate plan as early as possible.