Duffy North Wilson Thomas & Nicholson LLP

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Estate Planning

Per Capita and Per Stirpes
Suppose that an intestate is survived by three children and no grandchildren. Who inherits the intestate's net estate? How much does each person get? For most people, the answer is easy and obvious. Each child takes one-third of the intestate's net estate. More...
Bank Account Co-Ownership Myths
One confusing aspect of estate planning is the numerous myths about the co-ownership of bank accounts. The different types of bank accounts are often confused with the standard forms of property co-ownership. This article discusses some of the myths about the co-ownership of bank accounts. More...
Failing to Make and Leave a Will
Although estimates vary, it's pretty safe to say that more than 50 percent of the people who could make and leave a will fail to do so. More...
Inheritance Without Planning Means No Changing the Default Plan
When a person dies intestate (without making and leaving a will), each state provides a default plan (usually known as the statute of descent and distribution) under with his or her net estate is disposed. When a person dies intestate, there is no changing the default plan. The default plan's sequences for determining who inherits and how much can not be changed. This article discusses the disadvantages of descent and distribution related to that inability to change who inherits and how much. More...
Codicils
In Latin, the word "codicil" means "little will. A codicil is a formal document that amends the provisions of a will. The amendments may change, modify, or supplement the provisions of a will. More...

This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Duffy North Wilson Thomas &
Nicholson LLP
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