When you are developing your inheritance plan, you may want to include your four-legged family members. Yes, it is possible to provide for a pet in an estate plan, and we will provide the details … [Read more...] about Inheritance Planning for Pet Owners
While we are on the topic of updating your plan, you should consider one of the most important documents - your Trust and/or Will. Read More from The American Academy of Estate Planning Attorneys. … [Read more...] about Updating Your Plan: Your Trust or Will
It’s as a good of a time as any to think about updating your plan. This includes your entire plan, including Powers of Attorney. Powers of Attorney are part of even the simplest estate plan. A Power … [Read more...] about Updating Your Plan: Powers of Attorney
Probate is a legal process that can enter the picture when assets are being transferred after someone dies. This procedure is time-consuming, it is expensive, and probate is a public proceeding, so … [Read more...] about Tenancy in Common Vs. Joint Tenancy
If you use a will to record your final wishes, your estate would go through the process of probate. During this procedure, the executor that is named in the document would act as the hands-on … [Read more...] about Are There Any Probate Shortcuts?
A study that was conducted by Caring.com earlier this year found that just under one third of American adults had estate plans in place. Even though so many people are unprepared, most of the … [Read more...] about Estate Planning: Where Do You Begin?
New grandparents often think about ways that they can set aside resources that their grandchildren can use for college. Of course, many parents have the same goals, but we are going to focus on … [Read more...] about How Does a 529 College Savings Plan Work?
There are many different trusts that are used for estate planning purposes, and the advantages can be beneficial to you during your lifetime in some cases. With this in mind, we will look at … [Read more...] about Can a Trust Protect Assets From Creditors?
People naturally have questions about how inheritances are taxed, and some of the answers are encouraging. You do not have to claim an inheritance on regular income tax returns, and this would include … [Read more...] about Can Lifetime Gifts Reduce Estate Tax Exposure?
Without question, financial success is a beautiful thing, but there is one drawback that goes along with it. We have a federal estate tax in place, and it carries a whopping 40 percent maximum rate. … [Read more...] about Estate Planning for High Net Worth Families