Category: Estate Planning
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 […]
Elder law experts urge seniors to plan carefully when considering matrimony. Senior citizens are just as likely as young people to get married without thinking everything through and that can create consequences, according to the Hartford Courant article “Fit To Be Tied? Think Twice About Marriage In Your Golden Years.” Senior citizens considering getting married […]
An estate plan is the best path for leaving behind an inheritance to your heirs. An estate planning attorney can match your unique circumstances with an estate plan as Morningstar explains in “Get Your Estate Plan in Gear.” The situation of a couple looking to make sure that their daughter with special needs receives adequate […]
There are a lot of legal documents and it may be wise to learn a bit about them. The Ventura County Star recently published a list of basic estate planning documents that could help you better understand the lingo when meeting with an attorney in “Get to know estate planning documents.” The documents included are: […]
More Americans than ever are amassing fortunes but how do you pass on wealth to heirs? There are more families with wealth that surpass $5 million today which increases the need for information on the best way to pass on that wealth to the children, according to Barron’s report “Penta Millionaires: The New Rising Class.” […]
