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A person's estate represents their net worth during their lifetime. When a person dies, the assets of their estate are distributed through a specific process.
Estate planning today typically involves much more than just executing a Last Will and Testament. One common addition to an estate plan is a trust. The amount of time it takes to set up a trust depend
In the context of this article, stretching your IRA refers to retitling an inherited IRA so that you can continue receiving payments over the course of your lifetime. Better yet, with smart planning a
Deciding who to appoint as the trustee of a trust has a significant effect on the success, or failure, of the trust. People often appoint a family member or close friend to be the trustee. There are
Trusts are often used to preserve and protect assets for a minor until the minor reaches the age of majority. When a trust is used for this purpose the trust may include “Crummey powers” to ensure tha
A concern that people have when considering a living trust is continued control over property transferred into the trust. If you create the right type of living trust, you will have continued control
The Medicaid program has both income and asset limits that cannot be exceeded to qualify for benefits. Giving away your assets at the last minute so that you can qualify for benefits is not an option
Do You Have A Child That Refuses To Grow Up?
Do you remember back when you were a child and Mom or Dad would read you a bedtime story? As you were tucked into bed, all sorts of characters and crea
The goal of many estate plans is to effectuate the transfer of wealth prior to the death of the estate owner in an effort to avoid a hefty gift and estate tax liability at the time of death. The Gene
It depends, one of the primary purposes of creating an estate plan is to ensure that estate assets are passed on to the people to whom you intend them to be passed to upon your death, and with a minim
Often because of the death of a loved one, or because a senior is downsizing and moving – we need to get rid of some or all of them. An estate sale is one way to dispose of possessions that you no lon
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