If you have an estate plan and a trust, it’s important to keep them current. When you create an estate plan and a trust, it’s important to keep them up to date, so that your assets and wishes are properly managed when you die. It is
It’s the start of a new year. Many people see a new year as a time to make improvements or resolve to complete important tasks. At least 45 percent of Americans make New Year’s resolutions. Losing weight is the most common resolution, according to Statistics
Losing a loved-one can be devastating. The situation can be even more devastating when the future that was supposed to be secured by a life insurance policy is denied. It doesn’t make sense. The policy was purchased by your loved-one so they could ensure you
Don’t die without a Will: Secure your assets for your intended beneficiaries The April 2016 death of 57-year-old iconic musician Prince was tragic and unexpected. Fans around the world were devastated. An unexpected death can bring more grief upon a family when the loved one leaves
While several philanthropists donate money and artwork to museums out of the goodness of their hearts, there often is also a tradition of giving, a sense of pride, and at least some incentive in the form of tax deduction. However, with the current ambiguity of
Wishes that pertain to distribution of a person’s estate after death are outlined in a Last Will and Testament, more commonly known as a will. A will specifies how the estate is administered and who should be the personal representative of the deceased. It should
It is advisable to prepare a will so that the administration of your estate upon your death goes smoothly for family members and beneficiaries. A will is a legal document that specifies how the deceased’s assets are distributed after he or she dies. An executor
A will is a document that provides for the distribution of your estate when you die. Probate is the process of validating the will in surrogate court and administering the estate. It includes defining an executor or personal representative if the deceased did not appoint
Just when we thought we had federal estate taxes figured out, they have been repealed. Well, estate taxes are repealed for this year, anyway. If someone dies during 2010, his or her heir will be receiving an inheritance tax free. This came about because the Senate
