Comments on: Basics of Estate Planning Part 1 http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/ This is where your finance takes place Fri, 19 Mar 2010 06:34:17 +0000 http://wordpress.org/?v=2.9 hourly 1 By: The Financial Blogger » Blog Archive » The Devil (Visa) Made Me Do It (Wow, Have We Really Come to That?) http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/comment-page-1/#comment-7858 The Financial Blogger » Blog Archive » The Devil (Visa) Made Me Do It (Wow, Have We Really Come to That?) Thu, 26 Nov 2009 10:01:31 +0000 http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/#comment-7858 [...] it to someone that needs it. I am reading a personal finance blog that has all kinds of stuff on estate planning, how to choose a financial advisor, and more that I have already read you know.” and tune me [...] [...] it to someone that needs it. I am reading a personal finance blog that has all kinds of stuff on estate planning, how to choose a financial advisor, and more that I have already read you know.” and tune me [...]

]]> By: Richard http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/comment-page-1/#comment-5467 Richard Wed, 01 Apr 2009 16:39:07 +0000 http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/#comment-5467 Depending on the local laws, if the husband is still alive, he is the only one that can contest it. His kids have no biological claim to it unless he inherits it. This is my understanding and I am not a lawyer. If the husband does challenge it, the donation will also be in jeopordy since the money stays apart of the estate until all things are settled. If he is a decent person, he will let final wishes stand. Then again, he probably knew about it to begin with. My consolenses and food luck. A friendly tip, do get with a local financial person to help you make eat use, just don't mention you have it till you are comfortinle enough with them to know they won't screw you over. There are plenty of crooks in this field that operate legally. Depending on the local laws, if the husband is still alive, he is the only one that can contest it. His kids have no biological claim to it unless he inherits it. This is my understanding and I am not a lawyer.

If the husband does challenge it, the donation will also be in jeopordy since the money stays apart of the estate until all things are settled.

If he is a decent person, he will let final wishes stand. Then again, he probably knew about it to begin with.

My consolenses and food luck. A friendly tip, do get with a local financial person to help you make eat use, just don’t mention you have it till you are comfortinle enough with them to know they won’t screw you over. There are plenty of crooks in this field that operate legally.

]]> By: Leanne http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/comment-page-1/#comment-5465 Leanne Wed, 01 Apr 2009 16:31:49 +0000 http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/#comment-5465 Thanks Richard for your quick reponse. What I maybe was not clear about is that their house has been sold and most belongings donated with some in storage. I was referring to all their financial assets which is now in the lawyers hands as the executor. Their wishes were to donate half of their money to a charity they indentified, and half has been left to me-as per the will. To my shock...despite the close relationship we had. It is a large sum so the husbands children are wanting their hands on it (once he dies) which has been going on for years before my aunt passed away recently. Anyway, I will be speaking with their lawyer soon (who set up the will) and things will hopefully get sorted out. Leanne Thanks Richard for your quick reponse.

What I maybe was not clear about is that their house has been sold and most belongings donated with some in storage. I was referring to all their financial assets which is now in the lawyers hands as the executor. Their wishes were to donate half of their money to a charity they indentified, and half has been left to me-as per the will. To my shock…despite the close relationship we had. It is a large sum so the husbands children are wanting their hands on it (once he dies) which has been going on for years before my aunt passed away recently. Anyway, I will be speaking with their lawyer soon (who set up the will) and things will hopefully get sorted out. Leanne

]]> By: Richard http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/comment-page-1/#comment-5464 Richard Wed, 01 Apr 2009 16:01:01 +0000 http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/#comment-5464 They may be able to contest the will. In which case, if a satisfactory result can't be met, could result in an estate auction. My wife went through this shortly after getting married. Not a pretty sight. They may be able to contest the will. In which case, if a satisfactory result can’t be met, could result in an estate auction. My wife went through this shortly after getting married. Not a pretty sight.

]]> By: Leanne http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/comment-page-1/#comment-5462 Leanne Wed, 01 Apr 2009 14:06:56 +0000 http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/#comment-5462 My Aunt and her husband have left all of their estate to me. My aunt husband has 2 children (from his 2nd marriage) who will be shocked to find out they are getting nothing. They did not treat their father well during his life , so not a suprise. Can these 2 individuals have any chance of interrupting the wishes of my aunt and husband? My Aunt and her husband have left all of their estate to me. My aunt husband has 2 children (from his 2nd marriage) who will be shocked to find out they are getting nothing. They did not treat their father well during his life , so not a suprise. Can these 2 individuals have any chance of interrupting the wishes of my aunt and husband?

]]> By: The Financial Blogger | CFP VS CFA, Is There More Than One Letter Difference? http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/comment-page-1/#comment-3265 The Financial Blogger | CFP VS CFA, Is There More Than One Letter Difference? Fri, 12 Sep 2008 10:08:35 +0000 http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/#comment-3265 [...] will answer his clients’ needs in term of investment, retirement planning, tax optimization, estate planning, insurance, personal finance and protection. It is important to mention that when we are talking [...] [...] will answer his clients’ needs in term of investment, retirement planning, tax optimization, estate planning, insurance, personal finance and protection. It is important to mention that when we are talking [...]

]]> By: Valencia http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/comment-page-1/#comment-3120 Valencia Tue, 26 Aug 2008 16:09:57 +0000 http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/#comment-3120 You provided here a rather useful information. As a rule most of us prefer not to think about our passing away not to bring disaster upon ourselves. That is why we try to postpone estate planning and making a will in every possible way. Though if we won't it may lead to unfortunate concequences. Say, probate, for example. It is a public procedure and (just imagine!) the value of your assets will become a public record. And all this turmoil may make the sorrow of our loved ones much deeper. You provided here a rather useful information. As a rule most of us prefer not to think about our passing away not to bring disaster upon ourselves. That is why we try to postpone estate planning and making a will in every possible way. Though if we won’t it may lead to unfortunate concequences. Say, probate, for example. It is a public procedure and (just imagine!) the value of your assets will become a public record. And all this turmoil may make the sorrow of our loved ones much deeper.

]]> By: The Financial Blogger | Basics of Estate Planning Part 6 – Common Mistakes on a Will http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/comment-page-1/#comment-2972 The Financial Blogger | Basics of Estate Planning Part 6 – Common Mistakes on a Will Wed, 13 Aug 2008 10:02:29 +0000 http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/#comment-2972 [...] interesting article about common mistake that people do in their will and I thought sharing since having a will is so important. This is also quite an argument for people thinking they would be alright with a handwritten [...] [...] interesting article about common mistake that people do in their will and I thought sharing since having a will is so important. This is also quite an argument for people thinking they would be alright with a handwritten [...]

]]> By: The Financial Blogger | How to Find a Good Financial Advisor Part 5 http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/comment-page-1/#comment-2955 The Financial Blogger | How to Find a Good Financial Advisor Part 5 Mon, 11 Aug 2008 10:01:26 +0000 http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/#comment-2955 [...] assess your advisor’s true honesty over time. Tips that don’t pay him (if he is insisting that you must have a will for example, he is not receiving a penny for this advice), special attentions such as a phone call [...] [...] assess your advisor’s true honesty over time. Tips that don’t pay him (if he is insisting that you must have a will for example, he is not receiving a penny for this advice), special attentions such as a phone call [...]

]]> By: Friday Linkstuff - lots and lots and lots o’ links! http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/comment-page-1/#comment-2920 Friday Linkstuff - lots and lots and lots o’ links! Fri, 08 Aug 2008 09:05:09 +0000 http://www.thefinancialblogger.com/basics-of-estate-planning-part-1/#comment-2920 [...] Financial Blogger had a great series on estate planning - it is in 5 parts and worth the [...] [...] Financial Blogger had a great series on estate planning – it is in 5 parts and worth the [...]

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