What if you are in the process of a divorce and you were admitted to a hospital? Imagine further that you were unconscious. What if your soon to be ex-spouse was your designated agent for making health care decisions as opposed to your children? That's not a good scenario.
The same scenario could apply to a durable power of attorney you have executed. While it would be contrary to the standard pre-trial order in Nebraska divorce cases, your future ex-spouse would have a "blank check" and full access to your assets.
My point is this. Once a divorce case is filed, it the best practice to revise all of your estate planning documents. ...
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A DIY will frequently creates issues about its validity.
Susan had the execution of her will personally observed by Ruth. Ruth then signed the will after Susan signed it. Although the opinion doesn't state so, the will might have been one purchased at an office supply store or typed up by Susan.
Susan then took the will to her bank where Allen notarized it. Allen didn't recall this particular notarization but his habit and practice was that he would notarize documents for people that he recognized as bank customers. Allen knew Susan as a regular customer. Over objection, the habit evidence was admitted by the county court. The county court held that will was valid and it was admitted to formal ...
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A lesson from the artist formerly known as Prince
Prince had no will and no estate plan. The result from this lack of action was predictable. Various dubious claims have been filed against the estate from long-lost relatives, alleged illegitimate children and the like.
It is also clear that the estate had to move through the Minnesota probate court. After two years, his six siblings have received zero dollars from an estate worth an estimated $200 million.
Some people, however, have been paid. The IRS and State of Minnesota have been paid along with about $8 million in fees and expenses to lawyers and other experts. Those expenses cut into what the siblings will eventually ...
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