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What Do I Need to Know about a Family Trust?
A trust can be used to manage estate taxes, shelter assets from creditors and pass on wealth to future generations. A family trust is a specific type of trust that families can use to create a financial legacy for years to come. There are several benefits to creating one, although not every family necessarily needs one. If you’re curious about where this type of trust might fit into your family’s estate plan, here’s what you need to know.
Should I Give My Kid the House Now or Leave It to Him in My Will?
Adding an adult child to your house deed, or giving them the home outright, might seem like a smart thing to do. It usually isn’t.
Don’t Shrink Your Estate with Last Minute Tax Planning
Estate planning strategies such as family limited partnerships and gifts to charitable trusts are part of an estate planning professional’s toolbox to achieve client goals, such as minimizing taxes, effectuating philanthropic plans, teaching younger generations about a family business and passing on wealth.
Did Little Richard Have a Smart Estate Plan?
Little Richard was 87 when he died, which means the pop revolution he helped popularize — rock and roll itself – is now old enough to collect Social Security.
What You Need to Do after a Loved One Dies
When a family member or other loved one dies, the natural response is to feel overwhelmed. However, there are some very practical and legal matters that need to be attended to ‘immediately, if not sooner.’
Did Kirk Douglas Leave His Wealth to His Son Michael?
Kirk Douglas chose to leave his $61 million fortune to charity, rather than giving any to his son Michael.
Estate Planning Options to Consider in Uncertain Times
External events that cause reflection are good reminders to update estate planning documents.
Your Children Wish You Had an Estate Plan
Without a proper elder law estate plan, the children’s responsibilities are even more exhausting, stressful and sad.
Protecting a Digital Legacy
The world exists just as much online, as it does offline. Failing to recognize that when planning for the end of life, can lead to unexpected repercussions for survivors.
Estate Planning Basics for Difficult Times
With all these anxieties and unknowns weighing on your mind, it might feel like there’s suddenly a pressing need to get your affairs in order―just in case.