No Contest Clause: Preventing Family Discord

The American Declaration of Independence begins with the phrase, “We hold these truths to be self-evident, that all men are created equal…” While this statement may hold true for people and their rights, it certainly doesn’t apply to Trusts. In fact, seemingly small differences in wording can have significant impacts on a Trust’s outcome. One … Read more

What an In Terrerem Clause Can Do for You

Estate Planning practitioners field questions regarding disinheriting beneficiaries regularly. The second question often relates to what happens when that beneficiary or any other tries to have the estate plan or portions thereof overturned. An “in terrorem” or “no contest” clause usually acts as a deterrent to such beneficiaries by completing divesting them of their inheritance should they choose to initiate a lawsuit