The problem with estate planning is that you don’t discover your mistakes until after its too late. It’s the quintessential “get it right the first time” situation.
We occasionally blog about important terms to include in your Will. Here are a few suggested terms: ademption, lapse, exoneration and advancements.
Your will ought to mention whether your gifts are subject to ademption, lapse, or exoneration, and whether they are made per stirpes.
You might also announce whether, at the time of execution, you have made any advancements to any beneficiaries.
Doing these things protects you from 90% of the disputes that occur in estates. For more information contact a probate lawyer like:
Vincent F. Heuser, Jr.
3600 Goldsmith Lane
Louisville KY 40220
(502) 458-5879
https://heuserlawoffice.com
vheuser@heuserlawoffice.com