The reason why it is a good idea to consult with an estate planning attorney before you make any final decisions about the anatomy of your estate is the fact that they can lay all of your options on the table. There are a number of possible components that can be included in a well … [Read More]
Estate Tax Looms In 2011
The estate tax was repealed for the 2010 calendar year, and any form of tax relief is more than welcome for most Americans. However, in 2011 the estate tax will be back in effect, and it is carrying a very significant bite upon its return. The maximum rate will revert back to the level that … [Read More]
Review Your Estate Plan
As life goes on and the day to day twists and turns occupy your attention you may not give your estate plan much thought. Years can pass since you first created the plan, and those years can turn into decades. But over that time it is very likely that your life changed in many different … [Read More]
Estate Planning Basics: How to Avoid Probate on Real Estate or Other Types of Property
One of the chief goals of the estate planning process is to minimize time-consuming and resource-draining burdens that will fall to your loved ones and family members after you have passed away. The best way to ensure that your survivors won’t be tied up with costly, time-consuming, and emotionally demanding administrative details in the aftermath … [Read More]
What is a Living Trust?
When you pass away, there are essentially three ways your estate can be handled: The first is according to the laws of intestacy. These are state laws that dictate how assets should be distributed when the deceased dies without an estate plan. The second way is through a Will. In this instance, you get to … [Read More]
Do You Need A Will?
Do you need a Will? That all depends upon where you’re at in your life. Someone in their early twenties for example, may not yet have a family to support nor own any major property. In this instance, a life insurance policy might be all you really need at this point. But once you start … [Read More]
What Makes A Good Estate Plan?
Estate planning is the process of getting your affairs in order before the unthinkable happens. Most people assume the “unthinkable” is death, but this includes incapacity as well. Think about it: if you became mentally disabled, would you and your assets be protected? Most estate plans consist of about four to five documents; the documents … [Read More]
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