People often assume that you should use a will to state your final wishes unless you are extremely wealthy. This is really not the case, because there is a type of trust that can be ideal for many … [Read more...] about Can You Create Your Own Will?
People that serve in the United States military become eligible for a retirement pension after 20 years of service. This gives servicemembers the ability to retire in comfort if they take advantage of … [Read more...] about Veterans Pension Rates Updated for 2021
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
The acronym “UTMA” stands for the Uniform Transfers to Minors Act that was enacted in 1986. It is an extension of the Uniform Gifts to Minors Act (UGMA) that was developed in 1956 and updated 10 years … [Read more...] about What Is a UTMA Account?
People sometimes fall victim to the “little bit of knowledge is a dangerous thing” phenomenon, and this applies to the field of estate planning. In this post, we will look at a couple of risky … [Read more...] about Escape Risky Probate Avoidance Schemes
When you start to focus on the process of estate planning, the subject of taxation will naturally come to mind. We are going to provide a broad overview here with an emphasis on capital gains taxes … [Read more...] about Do You Pay Capital Gains Taxes on Inherited Assets?
When you’re deciding to whom to leave assets, most people choose their children or other descendants. However, you also need to decide on the “contingent remainder” beneficiary. In other words, who … [Read more...] about What’s an “Atom Bomb” or “Contingent Remainder” Beneficiary?
Tony Hsieh passed away on November 27th due to complications from burns and smoke inhalation after he was exposed to a house fire in New London, Connecticut. He was a resident of Las Vegas, and he was … [Read more...] about Reports: Former Zappos CEO Hsieh Died Without a Will