Requiring a prenuptial agreement before your spouse remarries can provide peace of mind and protect your spouse, your children, and their inheritance. If you leave your assets in a trust for your spouse and children, you can require your spouse obtain a prenuptial agreement before remarriage. This can protect your loved ones. Read on to find out more about prenuptial agreements. Prenuptial Agreements Can Provide Remarriage Protection … [Read more...]
Estate Planning is About More Than Taxes
Estate Planning addresses many concerns, not just taxes. It can protect beneficiaries from their own creditors, provide divorce and remarriage protection, and protect the benefits of children with special needs. Learn more about how Estate Planning can help protect your beneficiaries by providing privacy and other benefits. Estate Planning is About More Than Taxes … [Read more...]
Aretha Franklin Died Intestate: What Does It Mean for Her Family?
Aretha Franklin died intestate. Intestacy has definite drawbacks. Read on to see what this means for her family, financially and in other ways. Aretha was the Queen of Soul, but her lack of planning caused consequences she did not consider. Aretha Franklin Died Intestate: What Does It Mean for Her Family? … [Read more...]
Celebrity Estate Planning Lessons: Aretha Franklin
We all lost a legend recently with the passing of music icon Aretha Franklin, known to the world as the “Queen of Soul.” With a career that spanned half a century and produced such unforgettable songs as “Respect,” “Chain of Fools,” and “Think,” Aretha’s legacy will not soon be forgotten. That legacy includes a fortune estimated to be worth more than $80 million; however, because Aretha died intestate (without a Last Will and Testament), exactly what will happen to that fortune remains unclear. … [Read more...]
Be Careful When Transferring Assets In Case You Need to Qualify for Medicaid in the Future
Some people choose to wait until after they are gone to pass down assets to children and other loved ones. Others, however, prefer to engage in lifetime gifting and pass down assets long before the end of their life. Lifetime gifting can actually provide some beneficial tax advantages as well as allowing you to observe your beneficiaries enjoyment of the assets you gift. Transferring assets can also result in unwanted consequences as well though, particularly if you later find yourself in a … [Read more...]
Three Key Reasons You Should Make Your Estate Plan Today
A Connecticut estate planning lawyer helps you to prepare a comprehensive estate plan that is appropriate for your current life stage and your current family and financial situation. Many people believe they have endless time to make an estate plan or aren't sure if they actually need a plan. The reality is, every adult should create a plan to protect themselves and to protect the people that they love. You should not wait to make your plans, either, because the future is never … [Read more...]
Ways to Avoid Probate
When you think about estate planning, you likely focus on creating a plan for the distribution of your estate assets when you are gone. Although that may remain your primary estate planning goal, you will probably also include additional, related goals as your estate plan grows. A common goal found in many comprehensive estate plans is probate avoidance. In reality, avoiding probate entirely may be impossible; however, with some careful planning, you can create an estate plan that dramatically … [Read more...]
Planning to Enjoy Thanksgiving
Planning ahead is the loving thing to do. Whether it is for a Thanksgiving meal or for your estate plan, planning is imperative. This article points out the various consequences of your failure to plan, including the increased likelihood for family discord. Read on to learn how planning ahead can help achieve the desired results. Planning to Enjoy Thanksgiving … [Read more...]
Can I Lose My Medicaid Eligibility Once I Am Approved?
Throughout your working years, you may have been fortunate enough to enjoy employer-sponsored health insurance. As you near retirement age, however, you may find that your employer-sponsored insurance terminates, and Medicare takes over covering most of your health care expenses. One thing Medicare will not cover though is long-term care except under very limited circumstances. If you need long-term care (LTC) at some point, you may find yourself turning to Medicaid to cover the high cost of … [Read more...]
Can I Leave My Estate to My Spouse Tax-Free?
If you are married, one of the primary goals of your estate plan is likely to ensure that your spouse is financially secure if something happens to you. Like many married couples, you and your spouse may create reciprocal estate plans wherein you leave your entire estate to your spouse and your spouse leaves everything to you. If you have a moderate to large estate, however, you may be concerned about the tax implications of leaving your entire estate to your spouse. Because every estate is … [Read more...]
- 1
- 2
- 3
- …
- 92
- Next Page »
