Tag: Estate Planning
If your children inherit your retirement accounts, they will have options about what to do with them. The Wills, Trusts & Estates Prof Blog discusses some of the options that heirs have when inheriting retirement accounts in “What Your Kids Can Do When They Inherit Your Retirement Accounts.” Most people designate their spouses as the […]
Value of shares in a private company can more easily be lost because of the time factor. Shares in most public companies can be sold quickly and easily. However, if you leave your heirs shares in a family business, it can be more difficult because money can more easily be lost, according to the Wills, Trusts […]
Determining what will happen after you pass away by setting up an estate plan can be helpful. Planning on what happens after you pass away by creating an estate plan can sometimes lead to a more fruitful life, according to the Wills, Trusts & Estates Prof Blog in “How Planning For Your Death Can Help […]
There are many different ways to fund a college education and a trust is one of them. If a family should decide they do not want the younger generations to be be heavy in debt upon graduating from college, there are a couple of different options, according to the Wills, Trusts & Estates Prof Blog […]
If a university closes its doors, there is a slight chance of getting endowment money back. Every year hundreds of schools close their doors permanently, but still have money in their endowment funds with some chance of recovery by donors, according to the Wills, Trusts & Estates Prof Blog in “Orphan Endowments of Dead Schools […]
If you do not have a will or estate plan, the courts in your state of residence will decide where your assets go and that may not be to your spouse or children. If you believe you do not need a will or estate plan and that your family will receive your assets when you […]
The will of the Duke of Windsor will be opened for copyright determination. A court in the U.K. has ruled that the will of the Duke of Windsor, who passed away in 1972, will now be unsealed for for limited purposes, according to the Daily Mail in “Duke of Windsor’s will to be unsealed at […]
It might be best if one person coordinated the advisors working for a wealthy person. If you have considerable wealth, it might be a good idea to get a variety of opinions but it also might be a good idea to hire someone to help you manage it all, according to Forbes in “Estate Planning […]
Common mistakes are often mentioned over and over again. There are common mistakes in estate planning that are not often mentioned, despite the fact they are made over and over again, according to the Ithaca Times in “Key estate planning mistakes to avoid,” including: Forgetting to update an estate plan when a spouse or child […]
New rates are important to estates, as well as for estate planning. The IRS has announced some important changes in tax adjustments and deduction limits based on inflation. They can make a difference for people planning their estates, according to the Wills, Trusts & Estates Prof Blog in “Estate Planning Inflation Adjustments for Tax Year […]
