Category: Living Trust
“For couples over 50, living together has a lot of appeal and is on the rise. In fact, the number of unmarried couples who are 50+ shot up 75% between 2007 and 2016, according to the U.S. Census Bureau.” One reason for the popularity of living together without marriage is that many in this generation […]
Plan needs to address the owner’s personal life and the future of the business. Everyone needs an estate plan but small business owners need to take an additional step and plan for what they want to see happen to their business, according to grbj.com in “Estate planning for small businesses“. Some of the steps recommended […]
The basics of estate planning can deal with various situations. Since family situations differ greatly, there can be challenges and opportunities as the members deal with estate planning basics, according to the Chicago Tribune in “Dealing with property transfers and gift taxes“. In a situation in the article, the family home was rented to a […]
The decision to disinherit someone isn’t made lightly and needs careful consideration. Sometimes, as the difficulties of life wind through families, it is decided it would be best to disinherit a family member. It can be done. However, it needs careful legal consideration, according to Next Avenue in “How to Disinherit a Family Member“. The […]
Everyone dies but what documents do you need in your lifetime? When it comes to estate planning, people often focus on what is needed when you pass away. However, there are some key documents you don’t want to go without in your lifetime, according to nwi.com in “Estate Planning: 3 important estate planning docs, and […]
A living trust can become a problem, if it isn’t created with good advice. A living trust needs careful preparation or an estate may face probate, according to the Napa Valley Register in “Avoid this living trust problem.” The problem can result from people buying living trusts through non-attorney trust mills, online legal form services or […]
Even if your estate is small, you should consider a living trust. The probate process is very different, depending on your state of residency. That should be considered when creating an estate plan, according to the Los Angeles Times in “Why setting up a living trust may be wise, especially in California.” In some states, […]
If you avoid basic estate planning mistakes, you have a better chance of making sure your estate goes to the right people. Mistakes may happen even when people put in their most diligent efforts to avoid them. On the other hand, there are some estate planning mistakes that are easily avoidable. CNBC recently wrote about […]
The Attorney General of Minnesota warns public about living trust mills. Consumers have been warned by the Minnesota Attorney General that living trust mills are a scam designed to target residents for sales efforts on unnecessary insurance policies and annuities that can be costly. A living trust mill is a company that provides a form, […]
Should you suddenly become uber-wealthy, you’ll want to purchase a pricey art collection, which is 2.6 percent of the biggest estates. For those with only $10 million to $20 million in assets, a small collection, valued at about 0.6 percent of your estate, is almost de rigueur. There are extreme differences in the super rich […]
