Year: 2018
Protecting assets for your minor heirs can be a challenge. If you plan on leaving assets to minors, you can leave it to the courts to decide on the best person to handle the funds or you can do it yourself through an estate plan, according to the Times Herald-Record in “Proper legal planning for […]
Some simple documents will go a long way in protecting you as retirement age approaches. While many people are concerned an estate plan has to be complicated, you often only need a few simple documents prepared by an estate planning attorney, according to the Brooklyn Daily Eagle in “Five legal documents you need by 55.” […]
Law enforcement and family members can work together to prove abuse. The state of Wisconsin has initiated a program to help law enforcement and family members prove that elder abuse or neglect is occurring, according to WBAY in “Wisconsin allowing hidden cameras to capture elder abuse and neglect.” A few caregivers neglect and even physically […]
If a loved one passes away without a will and you handle the estate, you should know what steps to take. If a relative dies without a will and you are chosen to distribute assets to family members, you will most likely find it is not a simple process, according to the Napa Valley Register […]
New tax laws raise a lot of questions, including the use of gifting. Gifting is usually done as a way of shrinking an estate as much as possible to lower the eventual estate tax burden. However, that may no longer be necessary for some people, according to My San Antonio in “How gifting of ranch […]
Horses may have become part of your family. However, under the law, horses and other pets are property. The law considers your horses and other pets in the same category as assets, such as your house or automobile. However, there are options to guarantee their care, according to Newsmax in “Equestrian Legacy Planning Through Trusts.” You […]
Sometimes it is best if your home does go through probate. Putting your child’s name on the deed of your home may avoid probate. However, it is almost always a very bad idea because of the risks involved, according to My Prime Time News in “Deeds and Probate Avoidance.” The problem is that by putting a […]
Once you take the first couple of steps, it often becomes an easy process. You may only need a few documents to get your estate plan underway but people often delay because of the concern of complications, according to Forbes in “More Than Half of Americans Don’t Have These Essential Estate Documents, Do You?“. The […]
Information and education can go a long way in helping your children to use an inheritance wisely. Mistakes can be made by children who inherit money but lack the information on how to deal with it maturely and wisely, according to Nasdaq in “5 Things Your Kids Should Know Before They Inherit Your Money.” Much […]
Stepmothers take one of the top spots in wars over estates. However, they may not be at fault. Stepmothers are present in many of the battles launched over estates, according to Forbes in “Stepmothers: The Cause Of So Many Estate Fights.” The problem is not really stepmothers. When family members do not get along for […]
