Law Library Articles

Top 10 Estate Planning Articles in the LegalMatch Law Library

People may think that only super wealthy folks like Bill Gates need an estate plan. However, nearly everyone attains ownership rights to some form of property during their lifetime. For example, if you own a cat, your estate plan can include details to transfer your cat to another upon your death.

A wide range of information on estate planning can be found below in the LegalMatch Top 10 Articles on Estate Planning.

1. How Much Will an Estate Lawyer Cost?

The cost for an estate planning lawyer depends on your specific needs. Some lawyers charge a flat fee for a package of documents. Others may bill by the hour for their services.

2. Life Estate

A life estate is a form of property ownership that lasts for a person’s lifetime. It allows them to use the property until they pass away. Then, the property automatically transfers to another person.

3. Power of Attorney After Incapacitation

A power of attorney can allow someone to make decisions for you if you become incapacitated. This document is a key part of planning for potential health issues. It must be prepared correctly to be effective when needed.

4. Land Trust Lawyers

A land trust can be used to hold title to real estate for privacy and other benefits. A lawyer can help you create a trust that fits your goals. They can also explain the advantages and disadvantages of this tool.

5. What Is a Conservator?

A conservator is a person appointed by a judge to manage someone’s financial affairs. This usually happens when a person is unable to make their own responsible decisions. The article defines the role and duties of a conservator.

6. Suing an Executor of an Estate

Beneficiaries may need to sue an executor for mismanaging an estate. This can happen if the executor is not following the will’s instructions. This article discusses the reasons for a lawsuit and what the process involves.

7. Enhanced Life Estate Deed Disputes

An enhanced life estate deed, or “Lady Bird” deed, allows you to transfer property while retaining control during your life. However, these deeds can sometimes lead to disputes among family members. This article explains the common conflicts that can occur.

8. Joint Bank Accounts

Joint bank accounts can be a simple way to transfer funds after death. However, they can also create unintended ownership issues. It is good to understand how these accounts work before adding another person.

9. Inheritance and Criminal Acts

In many states, a person who commits a crime against a family member may lose their inheritance. These “slayer statutes” prevent individuals from profiting from their own wrongdoing. This article explains how these laws can affect who inherits an estate.

10. Fee Simple and Fee Simple Absolute

Fee simple is the highest form of property ownership you can have. It grants the owner complete rights to the property. Understanding this concept is fundamental to real estate and estate planning.