Have You Drafted a Will and Testament? Everything You Need to Know to Guarantee the Fulfillment of Your Final Wishes
Do you have a last will and testament in place? You have worked hard to generate wealth for your family, and now it is time for you to pass that will down to your heirs. Here are few of the most important things you need to know. You Must Meet the Requirements of the State […]
Audrey Hepburn’s Sons Battle Over Her Memorabilia 23 Years Later
When actress Audrey Hepburn died in 1993, she owned a storage locker containing memorabilia of her career – costumes, photos, awards, scripts, posters and the like. In her will, she directed that the contents be divided equally between her two sons. But some 23 years later, the two sons (who had different fathers) still can’t […]
What is a Codicil to Your Last Will and Testament?
A Codicil is a legal document that changes specific provisions of your Last Will and Testament but leaves all of the other provisions unchanged. As long as you are mentally competent, you can change, modify, update, or completely revoke your Last Will and Testament at any time. The question becomes, should you make a Codicil […]
Be Careful If You Want to Make Changes to Your Will
If an estate plan isn’t kept current, it can become useless. You should always make sure your will is up to date with your wishes, your financial circumstances, and current tax and other laws. However, it’s important to keep in mind that changing a will is not a “do-it-yourself” process. Generally, any changes to your […]