Many people think of estate planning as something that you do not need to worry about until you are older. However, because it is impossible to predict what could happen to you and when, it is a good idea to make an estate plan when you are relatively young. This is...
The Achieving a Better Life Experience Act is a federal law that helps people with disabilities save money for the future. It has a design that helps to ensure it will not impact their ability to receive government benefits. The loss of benefits is a serious concern...
While handling estate plans, the discussion eventually turns toward drafting a power of attorney. Some people may not see the need for this step or think it is only for those who are exceptionally wealthy. The following details explain what a power of attorney is and...
Most people will not have to pay federal estate taxes because the threshold is so high. However, if you have significant assets, you should check the value of your estate so that you can plan if your estate will have to pay taxes. The IRS handles federal estate taxes....
Trusts are common estate planning tools used by people of all backgrounds with various asset profiles. Anyone can benefit from the extra control that a trust grants over one's own estate, even those who already have a will in place. Creating a trust to complement your...
When making your estate plan, you need to select an executor. You may initially feel tempted to go with your gut or your first choice, especially a family member. But is this the best way to pick an executor? How do you even know which executor will serve your estate...
Assets are a major point of contention in many different divorce scenarios. This is why it is important to understand from the start how property and assets end up divided in divorce. Most states will divide them equitably or equally, and it is possible to determine...
When it comes to preserving your legacy, you probably have your own intentions for your wealth. Wills and trusts are good ways to hand down to the next generation what you have earned over your life. However, some trusts act as tools to help you arrange your assets...
If you are planning ahead and want to safeguard your estate, it is crucial to examine all of your options closely. Whether you want to set up a will or decide that a particular type of trust suits your needs better, it is pivotal to have a clear understanding of the...
Estate planning is an important tool that allows you to ensure that your money goes where you want it to after your death. Unfortunately, poor estate planning could have the opposite effect, reducing the amount of assets that go to your family. How can you pass on...
