Robert Reid McInvale - Untitled 2

Precatory Language, Ademption, and Abatement

Precatory Language, Ademption, and Abatement

One of the main purposes for making and leaving a will is to guide the administration of the estate of the testator--the person who made the will. A...

Co-Ownership Myths - III

Co-Ownership Myths - III

One of the most confusing aspects of estate planning is the numerous myths about co-ownership of property. Many people do not understand the differences between a...

Trust Elements - Beneficiary

Trust Elements - Beneficiary

A trust has five main elements. First, a settlor transfers some or all of his or her property. Second, the property transferred by the settlor is designated trust...

Probate --Beginning the Process

Finding the Will

When a person dies, the first thing that must be done concerning distribution of his property is to determine whether he left a will. In most cases, the spouse or children will know or have an...

Hilton on Charity

Hilton on Charity

A remarkable statement about the nature of charity entered the public domain after hotel chain founder Conrad N. Hilton died on January 3, 1979, in Santa Monica, California. As...