Ferguson & Wilpon


Estate Planning

Precatory Language, Ademption, and Abatement
One of the main purposes for making and leaving a will is to guide the administration of the estate of the testator--the person who made the will. A will should be written in language that is clear and indisputable. Alas, the language in a will may be unclear or vague. This article discusses the will interpretation and construction issues of precatory language, ademption, and abatement. More...
Wills
Basic Vocabulary 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...
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...
Co-Ownership Myths - III
One of the most confusing aspects of estate planning is the numerous myths about co-ownership of property. Many people do not understand the differences between a tenancy in common and a joint tenancy with right of survivorship. Many people do not understand what a tenancy by the entirety is or was. Many people do not understand the differences between the common law forms of co-ownership and community property. More...

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