Shane Kersh

A lot of people think that estate planning is just for people who are terminally ill or old. Because of this misconception, people started associating estate planning with death as more and more people think estate planning with just a last will and testament. This is one of the many reasons why people don’t do estate planning at crucial moments in their lives. According to family law attorney Shane Kersh, there are specific times in one’s lifetime where they are urged to do estate planning. Here are examples of life periods where you should consider estate planning. Changes in your marital status : Whether you’re getting married or getting a divorce, any change to your marital status should be followed up with updating your current estate documents. By doing so, you ensure that your new spouse is added to your estate documents. It can also prevent former partners from demanding properties or funds from the family of their ex-partner. When you get children : After you bec...

Image source: belldavispitt.com Texas attorney Shane Kersh believes that overlooking estate planning is one of the biggest mistakes heads of families make. Estate planning is of utmost importance since it deals with all the properties and assets a person has acquired their entire life to and who stands to inherit them. Contrary to popular belief, Shane Kersh says that estate planning isn’t just for the wealthy. Estate plans exist so that when a person dies, their family won’t have to go through the inconvenience of long, arduous processes to claim what’s rightfully theirs, or worse, lose it. One of the most important pieces of paper in estate planning is the living trust. This legal document, created by the owner, appoint trustees and beneficiaries. While the owner of the estate is generally the trustee, a successor is also named to take over once the owner either passes away or no longer has the mental faculties to enact the living trust and oversee the reception of the inhe...

Like most legal cases, divorce proceedings require that those seeking separation file the necessary paperwork. Also, individuals asking for a divorce or those who are disputing one are also asked by their lawyers to turn over documents and other crucial pieces of information that can be used in the case. Divorce lawyer Shane Kersh lists key documents that attorneys will need from their clients. Image source: lawandstuff.net Income-related documents Income-related documents include paycheck stubs from all your sources of income for the past year, as well as your spouse’s, expenditures, tax documents, and essentially everything that has to do with money coming in and out of your bank accounts. Marital contracts Some marriages come with other paperwork, like pre-nuptial agreements. These documents are vital especially if a divorcee claims that their spouse violated certain terms of the marriage. Joint accounts Image source: theearthawards.org Married couple are legall...