Delaware residents name an executor in their last will and testaments so that the executor will carry out their final wishes. Sometimes, the executor may pass away, causing complications. In this event, a successor executor named in the will takes over the estate. The...
Your guns and Delaware estate planning
Managing guns in your Delaware estate refers to the transfer of a firearm in an estate plan. Your estate in Delaware can gift a gun to a designated person listed in your will. If you leave no instructions in your will, the executor can choose what to do with the gun....
What does per stirpes mean in estate planning?
Estate planning attorneys in Delaware and around the country have to know a lot of Latin terms, but per stirpes and per capita may be the two that they encounter most often. These legal terms are both used to describe the way a testator’s assets are distributed if one...
Facts you should know about estate planning
Estate planning is a way for you to ensure that someone carries out your wishes after you pass or when you are incapacitated. This way, a designated individual you trust assumes control over your financial and medical affairs when you cannot do so as a Delaware...
Updating your estate plan after a Delaware divorce
If you are about to get a divorce in Delaware, you may be wondering if it will affect your estate plan. You should take time to create or update several critical documents to ensure that your end-of-life planning reflects your new marital status. Wills Many spouses...
Why having a will is crucial
After having worked hard your whole life to accumulate assets, it's natural that you'll want a say in how they're bequeathed after your passing. A will is your assurance that the people and charities you care about will receive their proper share of your Delaware...
Facts about the durable power of attorney in Delaware
Estate planning plays a critical aspect in your personal finances and relationships. A key component of estate planning is creating a durable power of attorney. What is a durable power of attorney? As you age, you become more likely to experience an illness or injury...
Inheritances in Delaware estate plans
It can be difficult for Delaware residents to create and manage their estate plans. The most straightforward way is to leave behind some sort of inheritance – assets and money that will go directly to your children or family members. But sometimes, the money that was...
Details to include in your will
Before something happens and you pass away in Delaware, especially if you have children, one of the things to consider is writing a will. This is a legal document that lets others know how you want your possessions and property divided after your death. In the event...
What’s the difference between living trusts and simple wills in Delaware?
Delaware residents have plenty of options when it comes to estate planning. What estate planning tools you use depends entirely on what assets you’re hoping to pass down and what circumstances apply to your family. Families with larger estates or beneficiaries that...
