While most wills are straightforward and can be executed without any questions or issues, there are some circumstances where a will may be contested. In those situations, whoever is contesting the will takes the claim to court, explaining why they believe the will to be invalid or why they feel that it should not be executed as it is written. Here are a few common reasons why you might feel it necessary to contest your deceased loved one's will.
If you are a senior citizen and want to set up a living trust to protect and manage your assets for your family as you age, then these tips will help you do just that.
Tip: Give Out Your Asset and Financial Information Only to an Attorney
Unfortunately, there are many individuals and companies out there who are looking to scam older Americans out of their hard-earned income and assets. If you contact someone from a piece of mail you received or an advertisement you saw online, be very careful about giving out any information about your assets and bank accounts.
If you've created something that you plan to use for public or private purposes, it's a good idea to get it copyrighted. A copyright gives you the ability to essentially do what you want with your work, while preventing someone else from unlawfully taking credit for it. Although the Internet can make it easy for you to believe that you can get a copyright on your own, understand that it is a legal agreement that should be overseen by a legal professional.
Although no one likes to think of passing away, it's important to devote some time to putting together your will with the help of an attorney. Having a proper will in place in the event of your death will make life easier for your loved ones and prevent the government from excessively interfering with your assets. Hiring an attorney who specializes in writing wills will make the process go smoothly, but before you make this call to schedule your appointment, you'll need to think about the nature of your assets and the relationships with those around you and ask yourself some key questions.
Is there really any harm in burning an extra copy of your company's Microsoft's Office software for your home computer? If the company budget is a little tight, does it really hurt anyone if you run three copies of Photoshop when you only have one license? Is buying a cheap—but maybe illegitimate—copy of Windows online that big of a problem? Absolutely, and it can cost your company far more than you save if you.