SMP Law likes to share blog posts that reinforce the importance of having a will and doing your estate planning. However, when estate planning with a blended family there are other issues that need to be considered.
Leaving your Home or Estate in Your Child’s Name – Possible Tax Savings or An Inevitable Litigation?
Figuring out how to handle our estate after we pass away is a difficult subject. Many people do not have wills and avoid even thinking about their plans and wishes after they die - although here at SMP Law we highly recommend you do your planning.
Here at SMP Law we believe in keeping things as SiMPle as possible. One key component to keeping things SiMPle is planning ahead. Planning ahead when organizing your estate matters is particularly important to ensure your wishes are followed.
It has become more frequent for a parent to remove a child from their will after a heated argument. As such, litigation can occur because the child(ren) argue the new will does not state the parent’s true intention(s).