A person who is disinherited is typically either an heir who would naturally expect to inherit money but was left out of the will or another person -- even if not related to the individual who passed away -- who was named in a prior will and then removed from the most current will. For instance, a person could initially put a close family friend in the will, lose touch with them over the years, and then remove them from the next will. In other cases, people cut out one child while leaving everything to other children.
4 tips to help prevent estate disputes through conversation
If you want to prevent your children from fighting over your estate after you pass away, one of the best things you can do is to sit down and have a conversation with them. Tell them about your plans. Make sure everyone is on the same page.
Understanding your non-probate assets
You have been thinking a lot about the future. You love your family and have been planning ahead. For a few years now, you have diligently managed and saved your money. Now you want to create an estate plan so that you can transfer your savings and property on to your heirs after you pass away.
