Prevent Estate Administration Problems Before They Occur
If your will was signed before 2013 and you have a so-called by-pass estate tax saving trust that is no longer necessary, you really should update and simplify your will.
Are My Beneficiary Designations Trouble for My Heirs?
Most consumers are familiar with the beneficiary designation form they complete when opening an IRA or 401(k). The form designates who receives the asset, if the account owner dies. However, these forms can create confusion, unintended bequests and family turmoil, if not adequately monitored.
What Is a ‘Survivorship’ Period?
Survivorship periods don’t usually surpass 60 days. If this period surpasses 120 days, it could put the tax-free estate transfer of assets to a surviving spouse at risk.
What Does It Mean to Be an Elder Law Attorney?
What Does It Mean to Be an Elder Law Attorney? As we age, changes to our body, our health, our financial picture, and our family is ever-evolving. When we were young, we didn’t worry about infirmity, incapacity, or how we…
Who Gets Copies of the Will After a Person Dies?
Who Gets Copies of the Will After a Person Dies? Many movies and television shows have a scene where a family gathers around a big table after a relative has died to listen to the reading of the will. While…
Avoiding Probate with a Trust
In other words, family members who are not named to inherit anything in the will may still see the list of all of the assets. If you don’t want that result, you can avoid it by establishing a trust.
Business Owners Should Start End-Game Planning Now
Running and owning a business is just like raising a child: Both are investments in the future and both require a lot of time, resources and effort to raise successfully.
Life Insurance Is a Good Estate Planning Tool but Needs to Be Done Carefully
Life insurance may play a vital role in an estate plan, because insurance proceeds can be counted on to provide liquidity when it’s needed.
What Is Probate and How to Prepare for It?
We have all heard the term ‘probate.’ However, we may not be exactly sure what this means. It may sound daunting, but don’t be intimidated by the phrase.
What’s Better, A Living Trust or a Will?
Last wills and testaments, which were invented centuries ago, are the most famous estate-planning documents.