Estate Planning and Elder Law
If you're thinking about planning ahead for your financial future in your own life and what happens to your assets after you pass away, you may be curious about the potential impact of the estate tax. Understanding the Estate Tax The U.S. estate tax is ...
The process of estate planning asks you to think about many things that are important to you, the assets you own, the liabilities that may be owed to creditors, and what you want to happen to your property after you pass away. However, there may also be m ...
Many different estate planning tools can be used to help you accomplish your overall goals. These may address individual aspects of your estate plan but also work together to ensure that your bigger goals are addressed and achieved during your life and af ...
Roth IRAs allow you to pass along as much wealth as possible to your heirs if they are structured appropriately. With the SECURE Act, the opportunity to use a Roth IRA as an estate planning tool increased significantly. This is because your beneficiaries ...
Writing a power of attorney is an important part of your estate plan. This ensures that you have appointed a chosen and trusted agent to step in and manage your affairs on your behalf if you're unable to do so. There are many different terms that can b ...
As you revisit your estate plan and consider making alterations heading into 2023, it's important to think about what you intend to pass on to your loved ones and whether or not this triggers additional tax consequences. The appreciation possibility of ...
Life insurance is an essential financial product that can give peace of mind and options to your loved ones if something happens to you. While you certainly hope that your family members never need to turn to life insurance because of your unexpected pass ...
When you pass away, there are many different assets that may be part of your estate and outside of your probated estate. These assets may pass on to your loved ones in accordance with your will or other documents such as a life insurance beneficiary form. ...
You have the opportunity to decide several different options for naming an IRA beneficiary. You'll want to establish what is most applicable in your situation and what is most appropriate given potential tax and other consequences. Your wealth is typicall ...
Your executor or personal representative is a person who plays a crucial role in the administration of your estate. It is not only important to pick someone who is capable of following through on this task, but also someone who will be able to handle all ...