Category: Death
“Even those with the best of intentions can fall into the trap of estate planning misinformation. Estate planning attorneys frequently hear rumors and ill advice disguised as facts.” Every family has one: the brother-in-law or aunt who knows everything about, well, everything. If the information is wrong, expensive problems are created, especially when it comes […]
“After the divorce, Mike logged onto the employer’s benefits system and tried, but failed, to delete Wendy as the beneficiary of his life insurance.” This estate battle shows how small details can become huge headaches. Four courts and several years after this estate battle began, a family won a case that could have been easily […]
“As states address budget woes due to the pandemic, one place they may turn to for revenue as they have in past economic crises is death taxes.” The District of Columbia already moved to reduce its exemption from $5.67 million in 2020 to $4 million for individuals who die on or after Jan. 1, 2021. […]
“As if losing a loved one weren’t hard enough, you might also have to add ‘death tax’ on the property that you receive from the estate—depending on where you live—in addition to all the other costs of death.” Let’s start with defining “inheritance tax.” The answer depends on the laws of each state, so you’ll […]
“Drafting a last will and testament can help to ensure that your assets are distributed according to your wishes after you pass away. You can also use your will to name a legal guardian for minor children or choose an executor for your estate.” The executor of a last will and testament is the person […]
“Most of us have heard the quote from Benjamin Franklin, ‘In this world, nothing is certain except death and taxes.’” No one actually enjoys paying taxes, and few of us really want to think about our own death, but both require advance planning and careful consideration, advises Ohio’s Country Journal in the article “Death and […]
Passing away quietly at home without pain, is not a common occurrence. Increasing the chances of achieving a peaceful death requires some careful planning as well as conversations with loved ones, according to The Wall Street Journal in “Preparing For a Good End Of Life“. You will want to make sure your loved ones are […]
What happens to the caregiver when your loved one is gone? Providing care for another adult can be difficult, because the caregiver often puts their life on hold. They may find themselves facing a new challenge later, according to the AARP Bulletin in “What Happens When Caregiving Ends?” The article concerns a 65-year old woman […]
Helping a family during a time of mourning is often as simple as a sincere statement of sympathy. During a time of mourning, we can often help the family members with an effort that does not require a lot of time or investment, according to the Wills, Trusts & Estates Prof Blog in “How Condolences […]
