For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations.
When considering whether to contest a decedent’s Last Will and Testament, an individual should consider whether red flags might be present which may point to a successful basis to challenge a disputed Will.
Your dad bequeathed you a generous sum of money on his passing. Those gifted and inherited assets, in many instances, will be considered ‘separate property,’ not marital property. That might mean that they might not be subject to division, if you divorce. However, perhaps you want to backstop that hoped for result to make the protection more likely to stick if your marriage doesn’t work out.
In presentations regarding essential actions individuals should take regarding inheritance, emphasis is usually placed on drafting a will. This leaves unanswered what happens to assets that do not pass by will —so called non-probate assets.
Everyone needs a will. However, some people need more than that. To save on taxes and make for a smooth transition, they could really use a revocable trust, a family limited partnership or a gift trust.
Unfortunately, death doesn’t just happen to other people. We should all get our affairs in order, so that our loved ones can focus on grieving and moving on once we pass.
This office is quite wonderful and Tia is the best! Before I contacted Tia, I felt as if I was out of options and there wasn't anything I could do. She more than helped me with my case, but was extremely supportive throughout the process. I would highly recommended this practice and Tia! I will always seek out her legal counsel!!
Isaac Wilson
February 2, 2022.
Lee and team are great!
Sara Hernandez
February 2, 2022.
Down to earth and caring. These attorneys are compassionate and understanding. I would highly recommend them.
Leslie Miller
February 2, 2022.
Great attorneys and staff, very patient and caring.
Jennifer L Vaughn
February 2, 2022.
I have to say I’ve dealt with a few lawyers over the years, however most of the time, they are too busy and do not necessarily give you the time, that may be needed to go over everything. Mr. Lee Shaw, well he was willing to go the extra mile for me. He took the time to go over every single detail in arranging mine and my mothers wills, and also the POA for my mom and her estate. His staff especially Shannon, is fantastic, very amiable and astute! If I could give more stars I absolutely would, 5 stars is not enough!!
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