Estate Tips

After losing a loved one, the last thing anyone wants to do is deal with the intricacies and bureaucracy that comes with settling an estate. It is easy for disputes about an estate’s validity to emerge and more often than not requires legal intervention. To make sure your assets are distributed how you want them to be, follow these tips.

First, if your loved one passed away due to another’s negligence, you should start the process of filing a wrongful death claim as soon as possible. This way, you don’t need to also carry a financial burden on top of dealing with this tumultuous time for you and your family. To learn more about wrongful death, visit the website of Mokaram Law Firm.

Next, be sure to pursue estate planning litigation. Although there are legal procedures that take care of estate distribution that, by most people’s standards, make logical sense, they will most likely not tailor fit your desires. For example, if you wanted to give your stepchild part of your estate, or wanted one of your heirs to receive more money than another, this will not be carried out if you don’t establish an estate.

Even if the laws happen to be consistent with your wishes, a lack of estate makes it easy for people to dispute the specifics in court.

Another thing you must consider when planning your estate is working around situations that might prove your will invalid. You want probate, the court process that proves a will either valid or invalid, on your side. An essential part of that process is to appoint the right executor. Make sure this person is someone close to you, that is responsible and good with money. If there is someone like that in your life that will not be included in your estate, it is better to choose them over someone that is to avoid conflict of interest.

A common way a will can be considered invalid is if the writer was in poor mental health at the time they wrote it. That being said, don’t procrastinate on writing your will, because an “inadequate” mental state can come about at any time. On the other hand, if you are currently suffering from mental illness, don’t let that stop you from planning your estate.

Finally, don’t throw surprises into your will. Treat those in your life like your estate reflects you would have, or else your will may be considered falsified.

read more