What Is a No-Contest Clause, and Do They Work?
Between 1% and 3% of wills are contested in the United States each year, research shows.
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Between 1% and 3% of wills are contested in the United States each year, research shows.
At some point, you’ll want to share your estate plans with your loved ones—and the first step in this process may be to hold a family meeting.
The loss of a loved one is a difficult time, often compounded by the necessity of addressing estate settlement and the liquidation of assets.
“Gray divorce” — the unfortunately named term for divorce after age 50 — is increasing among baby boomers.
A competent elder law or estate attorney can keep the estate process on track, and knows of provisions like family allowances, benefits to prepaying inheritance tax, even where the tax return is not yet complete and a listing of itemized deductions.
There are many stories of strange conditions in wills and trusts over time. For example, the German poet Heinrich ‘Henry’ Heine died in 1856 and left his estate to his wife, Matilda, on the condition that she remarry, so that ‘there will be at least one man to regret my death’.
Mehmet Öz, a U.S. celebrity surgeon of Turkish origin better known as “Dr. Oz,” took legal action against his sister Nazlım Suna Öz, claiming she forged documents over their father’s inheritance.
So, you’ve decided that a family member won’t be getting an inheritance after all. Maybe you have an ungrateful or irresponsible family member you want to cut out of the will.
The heirs to Henry Ford II – the eldest grandson of legendary Henry Ford – filed a legal challenge against their late patriarch’s attorney, Frank Chopin, who is now the champion of Ford’s widow, Kathleen DuRoss Ford, 80.
Liz Hurley’s son Damian has won a legal fight against his grandfather who tried to cut him out of his inheritance.