Include These Three Items in Your Will
A will or trust explains what you want to have happen to your assets when you die, hopefully in a very, very long time. While most people understand that a will explains what to do with money, property, and children, there are other parts you might be surprised by.
What Does ‘Portability of Estate Tax’ Mean?
Portability first emerged as an estate planning strategy in 2011 and 2012 from the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. It was made permanent by the American Taxpayer Relief Act of 2012.
Inheriting a House? What You Need to Know
Depending on whether you are the only beneficiary, or you are buying out other beneficiaries, you could move in, rent or sell.
C19 UPDATE: Employers Now May Help Employees with Tax-Free Direct Disaster Relief Assistance
On March 13 President Trump declared a national emergency due to extraordinary circumstances resulting from Coronavirus. This Declaration opens up new methods for employers to provide tax-favored financial assistance to employees affected by the virus.
What Did Kobe Bryant Do for Estate Planning?
The list of wealthy black celebrities who have died without a will in place is a significant one. Names on the list include Prince, who died with a net worth of about $300 million without having a will. So did John Singleton, Aretha Franklin, Jimi Hendrix and the great Bob Marley, to name but a few.
C19 UPDATE: Emergency Estate Planning Decisions to Make Right Now
“Don’t panic” has been a common refrain from government leaders, public health professionals, and across social media from well-meaning people trying to keep everyone calm during the coronavirus pandemic.
COVID-19 UPDATE: Beware the Rush to Make Your Own Will Online
With COVID-19 impacting more and more Americans, individuals across the country are scrambling to set up wills and end-of-life directives.
COVID-19 UPDATE: Guide to Resources Available for Small Business Disaster Relief
The US Chamber of Commerce compiles online guide with updates and resources to help small business survive the coronavirus pandemic.
COVID-19 UPDATE: If You Have Not Yet Named Someone with Medical Power of Attorney, Do It Now
In these uncertain times, it’s more important than ever to have your legal, financial and medical ducks in a row. Sadly, when serious illness strikes it is usually quite rapid and often unexpected. In these times, however, we do have forewarning that we are all at risk of contracting COVID-19, the coronavirus.