Attorney John Levy Warns 1 Overlooked Will Change Can Void an Inheritance

1 articles · Updated · KEYE TV CBS Austin · May 28

John Levy said ademption can wipe out a planned inheritance when a will or trust names a specific asset that is no longer owned at death.
Examples he cited included a home, vehicle or stock that was sold before death, causing the gift to fail and the intended beneficiary to receive nothing.
Levy urged families to review and update estate documents regularly, especially after major life changes, to keep asset lists aligned with current ownership.
The interview also outlined which assets are most vulnerable and offered practical guidance for seniors and families using wills and trusts.

Could selling an asset you've willed to someone accidentally disinherit them entirely?

Why might your 401(k) go to an ex-spouse, even if your updated will says otherwise?

With the federal estate tax exemption at $15 million, how can state taxes still claim a large part of your estate?