Those who have ever dealt with estate issues know that when someone has a legal ground for contesting a will, the process for settling the estate often drags on as the case goes through the court process. Major League Baseball Hall of Famer Ernie Banks' estate is in the middle of a contested will battle. While this case isn't in Florida, it is a good reminder that valid estate plans are vital. Additionally, full disclosure as the case makes its way through the probate process is also vital.
Thinking of a loved one passing away isn't a pleasant thought for anyone; however, it is vital for anyone who stands to have an inheritance from the death of a loved one to understand some points about handling that inheritance. One important point is that if you are married or thinking about getting married, you have to understand the concept of comingling.
For a person who is dealing with any estate that has one or more trusts involved, knowing some specifics about trusts can often help them better understand what is going on. There are many different types of trusts that can be used to handle estate matters.