Category: Inheritance
Planning ahead can make the problem easier to handle. When parents have passed away, there are many challenges that heirs could face, including the condition of the home to the pain of selling the family homestead, according to The Washington Post in “With proper planning, selling a parent’s house can be a relatively painless process“. […]
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 […]
Why is the revocable trust so appealing? You can change it whenever you’d like. You do not have to have a lot of money or assets in order to benefit from the use of trusts, according to Barron’s in “Why a Trust is a Great Estate Planning Tool – Even if You’re Not Rich“. Many […]
Check your estate plan for changes required to meet new requirements and opportunities. Changes imposed by the passage of the Tax Cuts and Jobs Act create a need to revisit your estate plan if you have not already done so, according to The Kansas City Star in “Talk to estate attorney about impacts of Tax […]
Protect your assets from being mishandled. As you prepare an estate plan, consider creating trusts to protect assets through the generations, according to the Times Herald-Record in “Leaving inheritances to trusts puts you in control“. For many parents, the inheritance equation is simple. They leave their estate to their children “per stirpes,” which in Latin […]
With the traditional family on a downward trend, the modern family is raising some new questions for estate planning. The rising numbers of modern and blended families have created some challenges for estate planning, according to Forbes in “How Long Will Stepmom Live? And Other Vexing Estate Planning Questions for Modern Families“. An example is […]
The estate plan is a major tool to protect your family. Okay, you now have an estate plan. What’s the biggest mistake you can make? Not updating the plan as the years go by and life changes occur, according to the Times Herald in “Top six estate planning mistakes“. Another big mistake would be to […]
There are several measures you can use to protect yourself and your family. The life expectancy for Americans is getting longer and longer, with the concept that the longer you live the more likely you’ll have an even longer life span, according to Kiplinger, in “Are You Ready for Longevity? 4 Steps to Take Now“. […]
If you do not have children or a spouse to include in an estate plan, the first thought may be family and friends. That is probably a good place to start. If you do not have any children or a spouse, there are many options available for creating an estate plan that benefits others, according […]
The estate includes assets as well as frequent flyer miles … and where they will go. There is considerable interest in the estate of celebrity Anthony Bourdain and it is getting even more interesting, according to Forbes in “How Anthony Bourdain’s Estate Plan Reflected the Two Most Important Parts of His Life“. The reports that […]
