Make Your Estate Creditor-Proof. Here's how to ensure assets go to your heirs. Ensure your assets go to directly to your loved ones instead of through probate. When you pass away, the tax man isn't the only one who can take…
In situations where both spouses want the surviving spouse to inherit all the assets, which is often the case, a joint trust can be far less complicated to set up and maintain than separate trusts, with less headaches for the surviving spouse.
Creditors typically try to collect on unpaid debt, by going after the decedent’s estate during a process called probate.
Parents may delay creating an elder law estate plan, because of the in-law issue. Some parents are unfortunately estranged from an adult child, only because of the problematic son-in-law or daughter-in-law.
A trust fund is an account that gives a person control over who will receive their assets during their lifetime and/or at their death.
In past generations, families were very close, there were few estates that had any tax liability, and children respected their parents’ wishes, both before and after the parents passed away.