While trusts and Limited Liability Companies (LLCs) are very different legal vehicles, they are both used by business owners to protect assets. Understanding their differences, strengths and weaknesses will help determine which is best for your situation, as explained by…
The way to transfer a vehicle after death can depend on several factors. These include whether the automobile was owned by one person or several individuals and whether any provision was made in a will for its transfer. How the…
Probate is the legal process whereby a deceased person's estate is going to be administered and ultimately overseen by probate court and judge. Probate is started when an individual files a petition for probate in the state's probate court system.…
Before accepting the role of a trustee, it is important to have a thorough understanding of what you will need to do and for how long. Trustees are often appointed to manage trust assets for a child or adult with…
There are many estate planning strategies available for passing your financial legacy across generations, but what works best for one family may only work for some. Some of these estate planning tools work best together, says the recent article, “Which…
What Is a 529 Plan? A 529 plan is an investment account that offers tax benefits when used to pay for qualified education expenses for a designated beneficiary. You can use a 529 plan to pay for college, K-12 tuition,…
Tina Turner Settled Estate Matters Years Before Death to Avoid Family Drama. Tina Turner Settled Estate Matters Years Before Death to Avoid Family Drama.Sources revealed that Tina started getting her final will in order in 2021. The singer feared her…
What Happens to Airline Points & Miles After You Die? What Happens to Airline Points & Miles After You Die? If you’ve begun the important task of preparing your Estate Plan, you may want to consider what to do with…
Lawmaker Revives the Expanding Veterans' Options for LTC Act Lawmaker Revives the Expanding Veterans' Options for LTC Act. A bipartisan bill recently reintroduced to Congress seeks to support senior military veterans in living more independently as they age. The number…
Federal Government Seeks to Improve Long-Term Care Industry Federal Government Seeks to Improve Long-Term Care Industry. The Biden Administration has directed federal agencies to improve access to high-quality, affordable long-term care for seniors, people with disabilities, and veterans. Citing a…