Leslie's Law Blog

#Estateplanning often involves transferring assets to #grandchildren. Determining how to leave an inheritance or property to your grandchildren is not always a simple process, because there are multiple issues that must be considered. Common questions include what happens if a grandchild dies before you, whether or not stepchildren should be included, and making provision for unborn grandchildren. You may also need to determine how you will balance what you leave for a child

People often put off estate planning, and there are plenty of reasons why. Some think they don’t own enough or are not old enough. Others may be confused about the process and who to ask for help, or they simply don’t want to think about it. While statistics show that only 42 percent of American adults have a will, failing to put an effective estate plan in place can have serious consequences. Not only are you leaving your estate to be settled in accordance with state law

Estate planning is one of the most important steps anyone can take to make sure their final wishes are honored and their loved ones are provided for in their absence. It’s your ideal opportunity to make personal decisions concerning your assets, finances and health care. Putting a comprehensive estate plan in place – regardless of your age or net worth –will provide answers to the most critical legal questions when you die. It will clarify the state of your financial affair

51% of Americans 55 to 64 do not have a will despite the fact that a well written will can ease the process for survivors by settling things quickly, transferring assets promptly and reducing the tax burden. If you die without a will – “intestate” – you have no control over what happens to your estate or your children. The state has control. In most states, without a will in place, half your assets will go to your spouse and the other half to the children. This can get ve