If you're married, one thing you may find yourself thinking about when doing your estate planning is who will be the one you appoint to oversee your estate. Are you going to appoint one your children, or will that job probably go to your spouse?The truth is that the...
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Year: 2019
When a child is born, it’s time to write a will
On Behalf of Law Office of Barbara J. Dibble | Aug 29, 2019 | Wills
Did you just have your first child? Congratulations! It's an exciting time in your life, and you're probably wondering what you need to do as a new parent. While there are a lot of steps you need to take, let's focus for a moment on one of the most important: writing...
Are your children planning to use their inheritance to retire?
On Behalf of Law Office of Barbara J. Dibble | Aug 20, 2019 | Uncategorized
On your end, estate planning focuses on passing your assets down to the next generation. You probably ask yourself questions like: How can I divide things evenly? How can I avoid estate disputes? What do I do with the family home? What should I do with family...
One tactic to keep your parents’ home
On Behalf of Law Office of Barbara J. Dibble | Aug 19, 2019 | Estate Planning
One of the biggest estate planning questions, for many adult children, is what they should do with their parents' home.They may want to keep it from a sentimental standpoint. That's where they grew up. Maybe their parents built it. They have memories there, they know...
Is a no-contest clause ironclad?
On Behalf of Law Office of Barbara J. Dibble | Aug 16, 2019 | Wills
You're writing a will, and you mention to a friend that you worry about your heirs starting an estate dispute. One in particular seems like they may be unhappy with your decisions and may drag their siblings into court.That friend tells you that there's a simple...
These questions can help focus your estate planning goals
On Behalf of Law Office of Barbara J. Dibble | Aug 7, 2019 | Estate Planning
When you start your estate planning, it's important to first outline your goals. What do you want your estate plan to accomplish? What is most important to you? How can you make a plan that meets those goals and then builds on top of them?To get started, it may help...
What assets do you have?
On Behalf of Law Office of Barbara J. Dibble | Aug 1, 2019 | Wills
It's the basic question behind the start of estate planning: What assets do you have? What do you want to happen to those assets?It's not just about assets, of course. You also want to consider things like medical directives, legal powers of attorney, your family's...
When is a good time to create a living trust?
On Behalf of Law Office of Barbara J. Dibble | Jul 23, 2019 | Trusts
Living trusts are an excellent tool to deal with assets during a person's lifetime. The documents and the financial instruments they create can also give peace of mind to the people writing them with their lawyers. What are the major advantages of living trusts?One of...
Sibling rivalries and estate disputes may stem from childhood
On Behalf of Law Office of Barbara J. Dibble | Jul 22, 2019 | Uncategorized
Estate disputes sometimes revolve around siblings who seem like they just want to do anything in their power to "win" against the other sibling. They act as if dividing up the estate is a contest. They may also be emotionally pitted against one another, as if they...
The main benefit of a special needs trust
On Behalf of Law Office of Barbara J. Dibble | Jul 19, 2019 | Trusts
If you have an heir with special needs, you may consider setting up a special needs trust to help take care of them after you pass away. However, you may also wonder why you couldn't just leave the money directly to them. Why put it in a trust first?The issue is that...
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