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Important considerations in crafting a will

Undoubtedly, there will come a time in your life when you must start thinking about what is to happen once you pass on. Some people decide to create wills after going through major life events, such as getting married or having a child, and others choose to do it once they reach a certain age or stage of life.

Regardless of your reasoning for doing so, creating a will is a wise decision, as it gives you power over where your assets will go after your passing. The following tips may help you get things right the first time and avoid some particularly common mistakes. So, before you create yours, consider the following.

What to change in your will after a divorce

A divorce comes with a long to-do list. You may have to worry about a new living situation, reduced budget and completely different schedule. The paperwork never seems to end even when your divorce is final. All these alone add enough stress to life after divorce.

However, one thing you should add to the list is updating (or completely rewriting) your will. In the unfortunate event of your passing, you want your will to reflect your current circumstances and wishes. The following are a few areas you should change.

3 legal grounds for contesting a will

Do you have questions about the legitimacy of your loved one’s will? If so, you might be considering probate litigation. Seeking to invalidate a will is done through the process of a will contest lawsuit. Before you file a lawsuit, you should know some basic things about the process first.

Challenging a will in court requires certain grounds for your argument to be successful. Keep reading for an overview of the legal reasons for challenging the validity of a will in Kansas.

Who should you choose as the executor of your estate?

Selecting an executor who will manage your estate after you die is an important decision. Choose the wrong person, and there could be vanishing funds, family feuds and costly legal battles. Most people look to a family member or trusted friend to handle the job.

Think of your executor as a chief administrator who will see the proper conclusion of your business affairs and distribution of your assets as you directed.

3 celebrity estate planning mistakes to avoid

Recent celebrity deaths have caused sadness and nostalgia for a lot of people. If you have reflected on the hard work of late celebrities such as Prince and Robin Williams, you can learn a lot of lessons from their estate planning strategies, too. Nobody is exempt from estate planning pitfalls, and being prepared is key.

Do not put off determining the future of your property. Here are the top celebrity estate planning mistakes you can learn from and what to do instead.

3 lessons you can learn from Gordon Ramsay's estate planning

If you have ever watched Gordon Ramsay on TV, you know that he can be brutally honest. Turns out, his blunt demeanor influences his estate planning, too. Ramsay does not want his children to inherit his valuable estate.

While this might sound off-putting, it is worth taking a look at your estate planning strategy and ensuring your assets are going to be disbursed how you intended. Keep reading for some smart estate planning tips.

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