Why Is Trust Funding Important in Estate Planning?
If you have updated your estate plan during the Covid crisis and even found a way to sign your documents while maintaining social distance, do not overlook the last step of trust funding.
Estate Planning and Probate Planning
Probate is the court process to distribute someone’s estate after their death, even if there is a will and is notoriously slow in California.
What Is a Will Codicil?
Writing a will is an important part of creating a financial and estate plan. A will allows you to specify how you want your assets to be distributed among your heirs after you pass away. You can also use a will to name a legal guardian for your minor children. However, what happens if you need to change the terms of your will? That’s where a codicil can help.
Happy Veteran’s Day!
History.com’s recent article on titled “Veteran’s Day Facts” , the Veterans Day originated as “Armistice Day” on Nov. 11, 1919, the first anniversary of the end of World War I. […]
Why You Need an Advance Directive Right Now
COVID-19 is quickly becoming the leading cause of death in the United States. As of today, Indiana has over 37,000 cases of COVID-19 and over 2,100 deaths. That is why articulating your wishes regarding end-of-life health care, is more important than ever.
What are the Most Important Items in an Estate Plan During the Pandemic?
Estate planning is the process of arranging, while you are alive, what will happen to your estate, your children and your wealth after you die.
Save Your Family Stress and Plan Your Funeral
The death care industry — yep, it’s got its own industry moniker — is an estimated $20 billion business. Service Corporation International, a publicly traded company that operates 1,475 funeral homes and 483 cemeteries in 44 states, pulled in more than $3.2 billion in revenue in the past 12 months.
Is It Easy to Change My Home’s Title from Tenants in Common to Joint Tenants?
Usually, when you make a simple change in the title from tenants in common to joint tenants, the taxing authorities will ignore that change.
How Is the Inheritance Tax on My Estate Paid?
Most of my money is in investments, and most of my beneficiaries will face the inheritance tax when I die.
Can Mom Leave a Home to Daughter but Not Grandchildren?
If you want a legal plan that avoids probate court, there are two options: first, an enhanced life estate deed, and second a living trust. Each has its pros and cons.