Tag: Estate Planning
Estate planning often involves setting aside educational funds for children and grandchildren. It is common for people to consider helping out their children and grandchildren for educational purposes, when setting up estate planning. There are a few good ways that the educational expenses can be covered, according to The Legal Intelligencer in “How to Make […]
Can you trust them? If you wonder, then you probably already have the answer. Multiple relationships and fewer bonds can often lead to some challenges, when it comes to settling an estate, according to the Financial Times recently in an advice column “Should I trust my wife to divide my assets fairly?“. The column discussed […]
Protecting assets for your minor heirs can be a challenge. If you plan on leaving assets to minors, you can leave it to the courts to decide on the best person to handle the funds or you can do it yourself through an estate plan, according to the Times Herald-Record in “Proper legal planning for […]
Some simple documents will go a long way in protecting you as retirement age approaches. While many people are concerned an estate plan has to be complicated, you often only need a few simple documents prepared by an estate planning attorney, according to the Brooklyn Daily Eagle in “Five legal documents you need by 55.” […]
Horses may have become part of your family. However, under the law, horses and other pets are property. The law considers your horses and other pets in the same category as assets, such as your house or automobile. However, there are options to guarantee their care, according to Newsmax in “Equestrian Legacy Planning Through Trusts.” You […]
Sometimes it is best if your home does go through probate. Putting your child’s name on the deed of your home may avoid probate. However, it is almost always a very bad idea because of the risks involved, according to My Prime Time News in “Deeds and Probate Avoidance.” The problem is that by putting a […]
Once you take the first couple of steps, it often becomes an easy process. You may only need a few documents to get your estate plan underway but people often delay because of the concern of complications, according to Forbes in “More Than Half of Americans Don’t Have These Essential Estate Documents, Do You?“. The […]
Stepmothers take one of the top spots in wars over estates. However, they may not be at fault. Stepmothers are present in many of the battles launched over estates, according to Forbes in “Stepmothers: The Cause Of So Many Estate Fights.” The problem is not really stepmothers. When family members do not get along for […]
Changes may create decrease in donations. Some of the changes in the new tax laws may mean that 21 million people will no longer take a charitable deduction on their taxes, according to Forbes in “21 Million Taxpayers Will Stop Taking Charitable Deductions Under the New Tax Law.” The primary worry is that any increase […]
Significant changes mean it is a good time to meet with your attorney to consider revising estate plans. The tax changes recently signed into law create a need to go to an estate planning attorney to make sure your estate plan is still optimal for you and your family. Forbes offered some suggestions of things […]
