Year: 2016
People in advanced countries may be approaching the top line of lifespan because of biological factors. The lifespan of humans has increased through the years because of medical advancements but we may now be reaching our biological limitations, according to an article in the Guardian “Human lifespan has hit its natural limit, research suggests.” While […]
The laws in most states have not kept up with the reality of divorce and remarriage. Most states have retained the concept of people only marrying once and do not reflect the reality of the fact that many Americans divorce and remarry, according to The Wills, Trusts & Estates Prof Blog in “Estate Planning for […]
While most estate plans have a good chance of success even if you do not inform your heirs of the details, the chances of success are greatly diminished if you are passing on a family business. If you own a family business, it is not only vital that you plan ahead for passing on the […]
One generally donates to a charitable organization but you can also help individuals. But be wary of rules if you are planning a deduction. If you want to donate to specific individuals rather than an established charity then you have to follow the rules if you plan on tax deductions, according to Wills, Trusts & […]
Estate planning is essential following a divorce or remarriage. Should a divorce come along in your life you will most likely face plenty of decisions and paperwork but you should be aware that more legal and financial paperwork is in your future, according to Splitopia in “Protect Those You Love in Divorce, and Remarriage.” And, […]
State goes one step further and allows cremated remains of pets to be buried with owner. People become very attached to their pets and often consider them part of the family, providing for them after the owner passes away. New York has taken it a step further and now allows humans to be buried with […]
Tax court disagrees with the IRS on theft loss claimed by estate. While there is no controversy concerning not having to pay estate taxes on a “theft loss,” there can be controversy on what it actually means to an estate when there is a theft as Forbes reports in “Tax Court Allows Estate a Theft […]
A family often needs available cash assets when the breadwinner passes away but life insurance can create a problem. While life insurance can often be the answer for a family in need of cash assets because it pays out immediately, that solution may not be the right answer, according to Forbes in “3 Considerations for […]
New York prevents services from charging fee to estates. The state of New York has passed a law that protects estates from termination fee charges, according to a Fox 5 report “NY: Utilities can’t charge termination fees after death.” If you do not live in New York State, your estate might face termination fees for […]
The benefits of having an estate plan in place should be obvious but National Estate Planning Awareness Week could be the perfect time to learn why. The Wills, Trusts & Estates Prof Blog reports that National Estate Planning Awareness Week may be the appropriate time for you to learn about the estate planning process in […]
