Can I Protect My Daughter’s Inheritance from Her Loser Husband?
My daughter is getting married soon. What can I do to protect her inheritance after my death?
How Can Beneficiary Designations Wreck My Estate Plan?
Beneficiary designations are a crucial part of estate planning, yet they are often overlooked. Once you have signed your estate planning documents, you need to make sure that your beneficiary designations are consistent with the rest of your estate plan.
How Can I Make Amendments to an Estate Plan?
Updating one’s estate planning documents involves changes to one’s trust, will and/or designation of death beneficiaries, as relevant. To be effective, such updates must be done correctly.
How Does the IRS Know if I Make Gifts To My Grandchildren?
Federal and state tax authorities have no direct way of knowing how much is being gifted. The system relies on taxpayers self-reporting gifts.
How Do I Set Up a Living Trust?
Setting up a living trust is largely the same, regardless of where you live in the U.S.
Should I Create a Joint Account With My Elderly Dad?
I added my 79-year-old father as a co-owner of my checking account, to speed up a one-time cash transfer he was making to me. Would keeping him on the account be a problem? Doing paperwork at the bank is about as fun as going to motor vehicles. I don’t know what would happen, if he fell victim to a scam.
Establish a Pet Trust to Protect Your Pets After You’re Gone
To ensure animals’ well-being, you should pick a caregiver and set up paperwork, funding.
A Will is a Start but Not a Complete Estate Plan
Every adult should have a will in order to determine property distribution after death. However, a will is limited in what it can do. Too often, a will cannot accomplish what you need or even expect it to do.
How to Manage the Cost of Long-Term Care
The cost of long-term care insurance is based on several criteria, including the number of clients who have kept their policies over time, as well as customers’ longer lives.
Why Trusts Should Be Part of Your Estate Plan
Trusts have long been a tool for the ultra-wealthy to preserve wealth and pass it down through the generations. However, even those of more modest means may benefit from this powerful estate planning tool.