What Is Involved with Serving as an Executor?
My aunt recently asked me to be the executor of her will when she dies. I’m flattered that she asked, but I’m not sure what exactly the job entails.
September 17, 2020
Gifting Can Help Heirs Reach Goals
Despite many attempts at repeal over the years, the modern U.S. Estate Tax has been in place since September 8, 1916. Each U.S. citizen and resident alien is entitled to a lifetime exemption from the federal Gift/Estate Tax called the Applicable Exclusion Amount.
September 16, 2020
Adult Guardianship and Autistic Children
If you feel that your child will be incapable of making adult decisions on their own behalf, you can pursue a legal guardianship, so that you will retain the rights to make those decisions for them.
September 15, 2020
Finding The Right Elder Law Attorney
Finding and elder law attorney is as easy as googling, “elder law attorney near me.” Anyone can find an elderly law attorney but finding the right one is where things get a tad difficult. If you want your elder law case to be in the right hands, then you might have to do a bit of digging.
September 14, 2020
Keeping The Family Farm In The Family
Develop a successful transition plan that will provide for you, your heirs and your business.
September 10, 2020
What Is a Caregiver Agreement?
As family members age and require care, the burden of that care often falls on an adult child. For those that leave jobs to care for family members, it can become a financial hardship for the family.
September 9, 2020
What Happens If You Don’t Fund Your Trust?
If you have updated your estate plan during the Covid crisis and even found a way to sign your documents while maintaining social distance, do not overlook the last step of trust funding.
September 3, 2020
What Is a Testamentary Trust?
One component of your estate plan may be a testamentary trust, which is a legal document, usually created within a will, that becomes effective at your death.
September 2, 2020
What Is a Qualified Personal Residence Trust?
When creating an estate plan, one important question to consider is how to handle the transfer of personal property, including your home. A Qualified Personal Residence Trust, or QPRT, is something you may decide to create to minimize gift and estate taxes associated for your heirs.
September 1, 2020
Different Trusts for Different Estate Planning Needs
Trusts are legal entities that own assets, and all trusts are not alike. They are created by a written trust document with certain provisions that can vary from trust to trust.
August 31, 2020