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As a beneficiary, if you do not agree with how the assets are being distributed, you may have grounds for contesting the will. In order to do so, you must have a legitimate legal reason to ...
The phrase is typically used to refer to a clause in a will that threatens to disinherit a beneficiary of the will if that beneficiary challenges the terms of the will in court. Many states [1] in the United States hold a no-contest clause in a will to be unenforceable, so long as the person challenging the will has probable cause to do so. [2]
In some cases a will contest is based on allegations that the will is forged. Forgery can range from the fabrication of an entire document, including the signatures, to the insertion or modification of pages in an otherwise legitimate will. According to a 2009 Wall Street Journal article, "charges of forgery are more common than proven cases of ...
The holder of the power refers to the document creating the power in his or her will and designates who among the permissible objects of the power should receive the property. The power could be exercised by creating further trusts. If the power of appointment is not exercised, the default provision of the document that created the power takes ...
Today’s choices shape the future for children, great-grandchildren and future descendants. For Californians, navigating the landscape of living trusts and wills is paramount in ensuring a ...
For example, California has a "Small Estate Summary Procedure" to allow the summary transfer of a decedent's asset without a formal probate proceeding. The dollar limit by which the small estate procedure can be effectuated was $150,000 [34] before a statutory increase was implemented on a three-year schedule, [35] arriving at $184,500 by April ...