How Do I Incorporate My Business into My Estate Planning?
Running and owning a business is just like raising a child: Both are investments in the future, and both require a lot of time, resources and effort to raise successfully. One can argue that you would treat your business like you’d treat a child; you’d want it to succeed even after you’ve passed on or retired.
Some Estate Planning Actions for 2020
This time of the year is a great time to revisit your estate plan, so you can ensure your legacy is protected for years to come.
What is an Advance Care Directive?
Among the greatest gifts you can give your family is completing a medical power of attorney to help guide them, legal and other professionals say, and they note the start of the year is a good time to make this a priority.
Will the Power of Attorney You Sign Today Work for Your Executor?
Does a Power of Attorney ever lapse? What happens if I change my mind and want to take the Power of Attorney back? Can the Power of Attorney refuse to return the authority?
Simple Steps to Make the Executor’s Job Easier
One common trouble that many executors overlook: dispersing personal possessions that have little financial value but great sentimental value.
How Can I Upgrade My Estate Plan?
Everyone’s heard the stories of celebrities who died without a proper estate plan in place. It’s been a hot topic in the last few years with Prince and Aretha Franklin serving as unfortunate faces of the phenomenon. However, it’s not just freewheeling entertainers.
A Good Estate Plan Equals Peace of Mind and Peace in the Family
More than likely, most people may not want to envision a time spent in court, arguing with siblings and other family members, or fighting with financial institutions and health providers to uphold end-of-life wishes and the management of personal assets.
Who Should I Name as Trustee?
Having a trust is just one important piece of the puzzle, when planning for your financial legacy. Another piece: your trustee.
What Does Portability Mean, and How Do I Use It?
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.
What Does an Estate Planning Attorney Really Do?
Estate planning is a systematic process, which involves getting your personal and financial goods for the time, if you pass away or become mentally ill. It is also known as last will, and almost everyone does this planning for their family.