What is estate planning? Estate planning is creating legal documents to ensure that your assets are distributed according to your wishes. Estate planning can take
Government gift tax Almost anything you own can be given as a gift. In addition, the IRS permits you to donate up to a specified
It doesn’t matter if you are planning to get married, a newly married couple or have been married for the years you need an estate
One of the most common questions that people tend to have after the passing of a loved one is, do we need to probate the
Do you want to safeguard your estate and your loved ones? Do you want to avoid a drawn-out probate process? Then you will want to
A person creates an estate plan as soon as you reach legal adulthood. Also, updating it every three to five years afterward is what many
There is a common perception that estate planning only includes a will or a trust in someone’s or some organization’s name. But it is not
What is Probate? The probate process involves examining and distributing the assets of a deceased person’s estate. A probate court frequently looks at the assets
An inheritance tax (IHT) is imposed on property that has been gifted or inherited. Even though IHT is charged upon death, it may also be
A group of national experts drafted and reviewed a set of model laws known as the Uniform Probate Code (UPC). UPC state specifically covers Trusts,
A probate lawyer or an estate administration attorney usually helps in wrapping up the estate of that person who has lost his life. You’ll get
Probate begins soon after you lose your loved one. It is a legal proceeding validating a Will to settle an estate. But you might find
Everyone has distinct intentions when they plan their estate. While some prefer to spend their last dollar on their final day, others prefer to live
Myth No. 1: Probate Is ALWAYS Required for a Will. No, not all wills require a probate process. There are several exceptions to what must
What is a Probate? The Latin verb “probate” means to test or scrutinize, while the English word “probate” implies “to prove.” The executor of the
Elder estate planning ensures that senior citizens have long, healthy, and secure lives. Typically, it entails planning for future medical requirements, including long-term care. A
Estate planning is a good choice if you own a business and if you are worried about the future of it. A lot of people
There are several questions to consider when writing a will. It would not be easy to anticipate every inquiry an estate planning lawyer needs to
When someone passes away, probate (assuming they left a will) and estate administration are typically used to wrap up the deceased’s financial affairs. Moreover, in
People appear to spend more time arranging a vacation, buying a car, or even dining out than they do picking who will inherit their assets
Following are the ways to manage estate planning- Create an inventory of what you own and what you owe. Make a detailed inventory of your
Estate Estate refers to the inventory of an individual’s assets and properties at his death. Various assets such as real estate properties, vehicles, even financial
If you haven’t married, or you are divorced and widowed then you might think that estate planning isn’t your cup of tea but it is.
Introduction As a trust beneficiary, one might think that they are at the mercy of the Trustee, but beneficiaries have the right to make sure
Introduction The profound sense of loss of the loved one can be overwhelming. Therefore, when a family member dies, it is advisable to step back
There is a widespread misunderstanding regarding wills, estate handling, and the probate procedure. Many individuals believe that a will must always go through the probate
Introduction You have an estate; did you know that? Everyone possesses one. According to the definition, an estate is everything you own, including all of
The goal of an estate planning attorney is to develop a personalized strategy that will enable you to efficiently pass your assets, including money and
Will is a legal document in which a person specifies how their assets will be divided, allocated, and utilized after they pass away. Everyone living
It is important to note that the beneficiary of the trust may not be happy with the money withdrawn from the trust account, and do
