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.
Do It Yourself Wills Go Wrong–Fast
I want to divide my estate equally among their three children. I’ve mapped out a plan to dispose of my property without any probate whatsoever. I put it together from what I’ve read on the internet. It’s just marvelous what you can learn by Googling things, don’t you think?
Joint Tenancy With Children Creates Problems for Parents
As parents age, families sometimes struggle with how to best keep their parents’ financial affairs in order. One common approach is for aging parents to put one or more of their children on their investment accounts, bank accounts and real property.
Your Spouse Just Died … is Probate Needed?
In many relationships, it’s common for one spouse to play money manager and the other to take a more passive role. This, however, can lead to major complications, when the financially dominant partner dies first.
What’s Best for You, a Will or a Trust?
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.
Beneficiary Designations and Your IRAs
If you have an individual retirement account, do you recall filling out a beneficiary designation form? That’s the document that allows you to direct the IRA custodian to transfer your IRA to the people you name in the form.
What Happens When Both Spouses Have a Simultaneous Death?
Sometimes the persons involved either die simultaneously, i.e., too close in time to determine clearly who survived the other or die very close in time to each other.
Can a Trust Be Amended?
In their trust they leave each other their share upon death and then I would be trustee when my last parent dies. I’m really concerned about this whole deal.
Second Marriage? Make Sure Estate Plan Is Ready
The first thing to realize is that as soon as you marry, your spouse is granted certain inheritance rights under law. However, these rights of inheritance can be waived or modified by using an anti-nuptial agreement, or as its more commonly known, a pre-nuptial agreement.
Your Estate Plan Decides or the State Decides
By planning in advance, you have the say as to who receives which assets. The people you care about are more apt to receive your property.