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Should I Add my Adult Child to My Bank Account?

Should I Add my Adult Child to My Bank Account?

For many seniors living alone or who have lost their spouse or life partner, adding an adult child as a signer to your bank account seems like a good idea.  You might be worried that if you become sick or unable to manage your own affairs that your bills will go unpaid and the thought…

Estate Planning: Can’t I Just Do That Online?

Estate Planning: Can’t I Just Do That Online?

At Generations Law Group, we hear the question, “Why not create my estate plan online?” frequently, especially from our younger Generations. Unfortunately, when you do your estate planning online, you get what you pay for (or maybe didn’t even pay for). Your estate plan can and should do many things for you, such as save…

How and When Do You Contest a Will?

How and When Do You Contest a Will?

You have been a devoted daughter taking care of your father. You managed his finances, checked in on him regularly, and arranged for in-home services to make sure he was well taken care of during his last years.  He said many times that he wanted everything to go to you and your sibling when he…

Choosing an Adult Child as Your Personal Representative

Choosing an Adult Child as Your Personal Representative

Creating a Will requires many important decisions.  One of the most significant is naming a Personal Representative (PR) to manage and settle your estate after you pass.  The responsibilities of a PR (sometime referred to as an Executor or Executrix) are significant, including making decisions about how your assets are managed and distributed to your…

What’s in a Label?

What’s in a Label?

In estate planning, it can be very confusing understanding the terminology that is used to describe the important fiduciary roles.   Have you heard the term personal representative?  How’s that different from a Trustee?  And what is the difference between a Guardian and Conservator?  Here is a quick review of the labels or terms you should…

Is Leaving Unequal Inheritance to Your Children Fair?

Is Leaving Unequal Inheritance to Your Children Fair?

When parents create their estate plan, one of the decisions that must be made is how to divide their estate among their children. For some, the answer is simple – every child gets an equal share; for others the situation is more complicated and leaving equal shares is not the desired choice. Sometimes the relationship…

2 Things You Must Do in Order for Your Trust to Work Properly

2 Things You Must Do in Order for Your Trust to Work Properly

If you recently signed revocable trust documents, Congratulations! Establishing the building blocks of your estate plan is an important first step in creating peace of mind for you and your loved ones. One of the main benefits of a revocable trust is the ease of administration for your loved ones and avoidance of the need…

The Importance of Estate Planning in the LGBTQ Community

The Importance of Estate Planning in the LGBTQ Community

The long-awaited legalization of same-sex marriage has been a welcome victory for the LGBTQ Community and their supporters. Even so, it is still quite common in the LGBTQ community to have a long-time partner but never marry. If you have been sharing your life with a significant other but are not legally married, it is…

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