Our Estate Planning Blog
As states address budget woes due to the pandemic, one place they may turn to for revenue as they have in past economic crises is death taxes.
Remember that a will goes through probate, so a husband and wife typically try to avoid it by using joint ownership or beneficiary designations. However, they’re often mistaken by believing the will still controls their estate.
Can an owner of a timeshare will the timeshare back to the timeshare corporation and does the corporation have to accept it?
State-by-state differences in matters around taxes, inheritance, marital property and more make a thorough review imperative.
Even those with thorough estate plans might have neglected to discuss details with potential heirs.
Everything each spouse earns during their marriage is marital property. Fortunately, a gift or inheritance is separate property. However, that’s only half the battle.
Making New Year’s resolutions is a tradition almost as firmly implanted in our culture as breaking New Years resolutions. One thing you can do to
Debts, just like assets, are considered part of a person’s estate. When that person passes away, their estate is responsible for paying any and all remaining debts. The money to pay those debts comes from the asset side of the estate.
If you’re single and die in 2020, you can have up to $11.58 million in assets before your heirs have to worry about paying a penny in estate taxes.
The steady drone of coronavirus news these past nine months has spurred countless older Americans to face a long-procrastinated task: writing—or rewriting—their wills.
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