Category: Estate Planning
Rights can become complicated, if there is no estate plan or will. If you and your partner are an unmarried couple, there’s a good chance you are going to face some difficulties when it comes to medical decisions and legal rights over property, unless you have an estate plan and will, according to the Santa […]
If you decide on a trust, which one is best? The question of whether you need a trust or not in your estate plan is best answered after a discussion with an estate planning attorney. However, here is some preliminary guidance from U.S. News & World Report in “8 Things to Know About Trusts“. Revocable […]
The time you save gathering financial information will be appreciated in the long run. This can really be a busy season if you launch into spring cleaning and also gather together financial documents to do taxes, according to The Press Enterprise in “Add this to Kondo-spring cleaning list: Organize your finances“. Start by making a […]
A durable Power of Attorney can be set up in different ways. You do not have to give up total control when granting a Durable Power of Attorney, according to The Daily Sentinel’s article “Tools to help your aging parent“. Granting a power of attorney to a child is often a concern of aging parents […]
So, which taxes should draw your attention? There is a lot of news coverage and discussion about federal estate taxes. However, unless you are in the upper level of the wealthy, they will not have an impact on you but there are some other taxes that can be very extensive, according to the Pittsburgh Post-Gazette […]
Tax liabilities can lead to a severe financial misstep. If you are likely to inherit the family farm, it would be wise to pay especially close attention to your estate planning attorney and CPA, according to Capital Press in “The family farm is coming to you: What’s next?“. If you receive the property as a […]
You never know what the future will bring. It is best to make plans and follow them. It can take a little time, some expense and some difficult planning. However, it is very wise to have an estate planning attorney work with you to prepare your estate plan, according to AZ Big Media in “The […]
Sometimes people forget the beneficiary designations they made for IRAs and insurance and have different wishes expressed in their will. A beneficiary designation overrides a will. Therefore, any plan you might have had for that asset in your will most likely is not going to happen, according to the Daily Times in “Senior Life: Costly […]
It sometimes comes down to what was the person’s intent. The preparation of a will and estate plan is serious legal work. However, it can get very complex when a man executes three wills and doesn’t get one of them witnessed, according to nwi.com in “Estate Planning: Will formalities are important“. The courts will have […]
A trust for your pets can keep them safe when you are gone. It most likely will not take a tremendous amount of money to provide financial support for your pets after you are gone, so it might be a good idea to remember them in your estate plan, according to the Times Herald-Record in […]
