Category: Estate Planning
An estate planning attorney is the right person to answer this question. The key to determining what the best estate planning option is for you, is for you to decide. However, you may want some advice, according to Madison.com in “Is a Living Trust Right for You and Your Family?.” Trusts do have many benefits over […]
A professional can help you know the difference between knowledge and false ideas. We are not experts on everything. However, one of the areas where people are often wrong about a subject is estate planning, according to TCPalm in “Misconceptions about wills and trusts.” The article mentions a number of false ideas people have when it […]
This is one area where you have a limited time to put off the task. If you procrastinate and it carries over into estate planning, you should recognize that time will indeed run out on that issue, according to the Twin Cities Pioneer Press in “3 moves you should make in the first 3 years […]
Millennials also expect their own children will help them in retirement. Millennials expect that their parents and their children will help them out in their retirement years, according to Financial Advisor in “Millennials Want Family Help in Retirement.” There are sometimes big differences between generations. For example, 61% of millennials expect to receive an inheritance […]
It would wise of people to consider an estate tax bill, regardless of the size of their estate. There are some forgotten estate taxes that can create problems, according to Wills, Trusts & Estates Prof Blog points out in “Don’t Underestimate State Estate Taxes.” Most people will pay attention to the federal estate taxes because […]
Parents face a tough decision when it comes to leaving an inheritance for their children. There two schools of thought when it comes to leaving inheritances, according to Forbes in “Why Not To Leave Too Much To Your Grown Up Kids.” It is generally accepted that when parents pass away, everything they have left will […]
An estate can become complex when a person passes away and leaves debt. Most people have not gotten rid of their debt entirely when they pass away, according to Market Watch in “What happens to your debt when you die?“. Approximately 73% of people in the U.S. pass away while still in debt. The average […]
Giving to charity is often more complicated than writing a check for a donation. While you can create a charitable legacy through several different methods, donor advised funds are gaining in popularity as a good way to do so, according to the Wills, Trusts & Estates Prof Blog in “The Rise of Donor Advised Funds.” […]
The uncertainty of tax reform can make it challenging to plan. The uncertainty of proposed tax reforms moving through the Congress makes the possibility of a spousal lifetime asset trust into an attractive option, according to Wealth Management in “SLATs Provide Flexible Plans for Many Clients.” Like any other trust, SLATs do not have to […]
If you leave them a large inheritance, can they handle it? The goal of determining the correct amount of an inheritance that will help your children, yet not hinder them in creating their own careers, is a challenge, according to the Wills, Trusts & Estates Prof Blog in “New Focus for Estate Planning.” The key […]
