One purpose of probate is to ensure that the will according to which property is distributed is valid, that it accurately represents the intentions of the person who left it behind. There is, of course, always the possibility that family may challenge the validity of a will. Typical grounds on which wills are challenged include undue influence, insane delusion and fraud.
Inheritance can be a tricky issue in more than one way. There are often hard feelings and rivalry often at play in decisions about who gets what or how much and how they will spend or use their inheritance. There are also practical considerations concerning the potential for complications down the road. Among those who may become problem heirs are adult children, caregivers, and children-in-law.
The purpose of estate planning is to take care of those we leave behind and provide an orderly plan for carrying out our wishes. One aspect of creating that plan that many of us forget about is taking care of our pets. To some it may sound rather silly to talk about estate planning for pets, but for those who treat their dog or cat as part of the family, making sure they are properly cared for can be very important.
A revocable trust is a trust that can be changed or canceled by the grantor. The income earned from the trust is distributed to the grantor, and after the grantor's death the property within the trust transfers to the beneficiaries. A revocable trust is a good tool for changes in circumstances because the grantor is able to adjust the provisions of the trust. But, what happens when the grantor is influenced by a beneficiary with impure motives?