Tag: Estate Planning
People often fight over trusts for a wide variety of reasons. One of the most frequent conflicts over trusts occurs when the trustee and the beneficiaries do not see eye to eye. The person who creates a trust is always the beneficiary of the trust, especially after he or she dies. Yet, it is usually […]
Much of the talk about estate planning is often centered around married couples with children. This leads some single people to think that estate plans are not necessary for them. However, estate planning can be even more important for singles than married people. If a married person dies without an estate plan, by law most […]
People in their 20s often do not think that they need to worry about estate planning. They plan to live much longer, so they believe there will be time to get an estate plan later. However, you never know when tragedy can strike, so it is important that 20-somethings get estate plans. Younger adults normally […]
Important lessons about estate planning can often reach the general public through issues over celebrities’ estates. 2014 has been a busy year for such lessons. Americans are fascinated by the lives and deaths of celebrities. When a celebrity passes away, the public wants to know how his or her estate will be distributed. Oftentimes the […]
The IRS is throwing a lifeline to taxpayers who missed an important deadline for estate tax purposes. Have you heard of spousal portability? One of the newer and better provisions in tax law is that you can take advantage of any portion of the estate tax exemption that a deceased spouse did not use. This […]
The rules about purchasing a plan and using the money can be challenging to understand, and there are numerous points of confusion about how 529 plans work. Here are some of the most common misconceptions. 529 plans are an important part of many modern estate plans as they provide the necessary education funds when they are […]
Today, a 65-year-old man has a life expectancy of 84 while a 65-year-old woman has a life expectancy of nearly 87, according to the Social Security Administration. That increased longevity has changed all kinds of financial planning, such as retirement calculations and long-term care insurance costs. But its impact on trusts and estates is only […]
In 2007, Hynie contested the will, claiming to be Brown’s wife and entitled to a spousal share of his estate. Under a settlement deal approved in 2009, Hynie was given one-quarter of Brown’s music empire, and the six children named in his will were given another quarter. The settlement was overturned in May 2013 by […]
Probate records reveal that he died without a will and left an estate valued at ‘nil’ in England and Wales. It is not known if he had assets held overseas or in trust or joint-ownership which would not have been included in his estate. His daughter Elizaveta Berezovskaya claimed at a two day inquest in […]
How do you protect yourself? Be on guard and on the lookout. Don’t be a victim. Here are just a few warning signs and common tactics used by trust and annuity peddlers. Not everyone understands estate planning clearly, and unfortunately there are some bad apples out there that will try to take advantage of this […]
