It could be about time to reconsider how you plan to pass generational wealth to your heirs since the federal estate tax exemption allowance appears to be in jeopardy of being lowered. Senate Democrats are proposing to lower the current…
Unfortunately, substance-abuse, living on the streets, or suffering from mental disability remains a wide-spread problem. Many families want to assist family members struggling like that, but families are unsure how to offer that assistance, given that money might hurt more…
Suppose that mother and dad have run the family farm for a long time. Now, though, they’re getting on in years and they’re considering moving into a smaller place. One of the daughters and her husband help run the farm, but…
1.My family and I don’t own much. Can’t we put off planning until we can afford it? You shouldn’t. It is crucial to give legal authority to a person of your choice, to care for your children if anything should…
The legal process for authenticating a deceased person's will, reviewing their assets, paying their outstanding debts and taxes, and distributing what remains to their inheritors is called Probate. After an asset-holder dies, the court will appoint a valid will's executor…
According to a caring.com survey, the number of Americans that have written their wills had only increased 2.5 percent in one year. Overall, the percentage of those with a will continues to decline, 33 percent in 2021 versus 42 percent…
It’s essential to have conversations with your aging parents about their finances. To broach the topic, you might bring up current events like the coronavirus pandemic, its effect on economic conditions, and how it relates to the security of their…
We hear this question all the time: “Can’t I just grab a will off the internet, do a transfer-on-death deed for my land, put my kids on my bank account, and be done with my estate plan?” It’s just…
When a loved one who has a will dies, their will lays out who shall receive their property, and which person (called the executor) will be in charge of settling the estate. For many reasons, beneficiaries can feel slighted by…