Category: Trusts
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 […]
If you are going to pass it on, you probably want to pass it on sooner rather than later. You can pass on a gift of $11.4 million under the new tax laws, without paying federal estate tax. However, that window will likely close and can close soon, according to Barron’s Penta in “What to […]
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 […]
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 […]
Women should consider how to care for loved ones through an estate plan as well as themselves. Women live approximately 4.9 years longer than men. That fact should be considered in estate planning, according to the Boca Newspaper in “Smart Tips for Women: Estate Planning“. If you plan carefully, wishes for the distribution of your […]
The reason doesn’t matter. When grandparents raise the grandchildren, legal advice is very important. If you end up in the situation where you are bringing up your grandchildren, there are some legal issues you may face, according to the Record Herald in “Grandparents Raising Grandchildren“. Just for starters, you cannot enroll the children into school […]
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 […]
Trusts have been around for a very long time and it is important to understand how they work. A trust can be quite complicated. That is why you need good legal representation in order to use one properly, according to the Pittsburgh Post-Gazette “Do I need a trust?“. Trusts are created using a tailored trust […]
