The Benefits of Pet Trusts
Those of us who own pets know what a joy and comfort they bring. Since you love them, you give them the best life you can. But what if you were suddenly unable to care for them? Who would care…
Those of us who own pets know what a joy and comfort they bring. Since you love them, you give them the best life you can. But what if you were suddenly unable to care for them? Who would care…
The first step in the probate process should be to understand the lawyer's role, whether you are the Executor or an heir. One of the biggest sources of conflict in probating the estate is understanding the role of the lawyer…
For estate planning purposes, revocable and irrevocable trusts are the most common types. While there is some similarity, these two major categories of trusts have different purposes in your estate plan. Both can substitute for a last will and testament…
In the US, generation-skipping transfer (GST) is the US government's tax on transfers of property that skip a generation. Its primary design is to prevent wealthier individuals from avoiding estate and gift taxes by transferring large amounts of assets to…
Transfers that skip a generation of heirs are subject to the generation-skipping transfer tax (GST). Its primary design is to prevent wealthier individuals from avoiding estate and gift taxes by transferring large amounts of assets to their grandchildren, bypassing their…
It is a good idea to designate a family member to keep an eye on elderly relatives. Make sure everyone knows who will be responsible for checking in with an elderly loved one each day. Also set up a process…
It's uncomfortable to think about death, especially your own. Add to that the issue of what will happen to our assets after our deaths and it’s little wonder why so few people have created wills and other estate planning documents.…
You might find it difficult to comprehend that the small child who once needed everything from you has now turned 18 and become an adult (depending on your state). Now they are free to vote, marry, apply for a credit…
Increasing numbers of adults in the US have disabilities, and parents need to plan for their adult children's well-being on an ongoing basis as their disability needs change. A Journal of the American Medical Association reports the life expectancy of…
Power of attorney is an essential tool in planning for the possibility of becoming incapacitated and needing someone to manage your affairs on your behalf. These legal documents can grant broad authority to one or more power of attorney agents…