Woman’s Efforts to Change Will Without Professional Assistance Backfire
Just as making a will without the help of a qualified attorney can be dangerous, trying to change an existing will on your own can fail as well. A recent court decision in Minnesota serves as a cautionary reminder to anyone thinking of altering their estate plan on their own. Esther Sullivan executed a will in 2006, that gave half of her property to a former employee of hers, Tara Jean...
Read MoreUnderstanding Tenancy — Co-Owning Property
When two or more individuals own property — whether it’s a condominium, a home, or a piece of land — the relationship between the owners is very important. The form of ownership of the property affects how property is transferred to someone else. It is important to make sure you have the right form of ownership for your property. Tenancy in common allows an owner the greatest...
Read MoreAuthors Guild Announces Fair Contract Initiative
On May 28, 2015, at Book Expo America in New York City, the Author’s Guild announced an ambitious new program — a must-read for every writer — named The “Fair Contract Initiative.” This initiative is a series of commentaries that will take “a fresh look at the standard book publishing contract.” According to the announcement, the “guiding principle . . is to restore balance to the...
Read MoreDo You Need a Lawyer to Write a Will?
While you aren’t technically required to hire a lawyer to draft a will, failing to do so can lead to costly problems for your family and other heirs. A will is a legal document that directs who will receive your property when you die. The legal requirements are pretty simple. In order for your will to be valid, you must know what property you have and what it means to leave it to someone,...
Read MoreDecisions to Make For Your Power of Attorney
A power of attorney may seem like a simple document, but there are several important decisions that need to be made when creating one. From whom to appoint to what powers to grant, care and consideration should be put into each choice. A power of attorney is one of the most important estate planning documents you can have. It allows a person you appoint — your...
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