When you think about estate planning and naming beneficiaries, you probably think about items like your house, your car, bank accounts, stocks, record collections, and so on. Things that you own because you have acquired them through your hard work …
When it comes to dividing an individual’s assets at the end of one’s life, a person can use either a will or a trust. While trusts and wills are similar in certain ways, there are a few major differences between …
Dealing with the loss of a loved one is never easy—the heartache, stress, and pain of these times can be agonizing. And as if that’s not enough, there are all the technical issues that need to be sorted out as …
When an individual leaves behind property to beneficiaries, this property is subject to an estate tax if its total value exceeds the federal estate tax exclusion amount. As of 2014, the estate tax exclusion amount is $5.34 million.
However, under …
If you want to ensure that your final wishes are carried out, it is essential to create a will—a document with instructions on how your estate should be handled in the event of your death.
From naming guardians for your …