What’s the Best Way to Go with Intrafamily Loans?
As parents, we often want to help our adult children who need a financial boost. Many times, this assistance comes in the form of a loan.
January 28, 2021
As parents, we often want to help our adult children who need a financial boost. Many times, this assistance comes in the form of a loan.
Maybe not tomorrow, but the sunset of our historically high estate tax exemptions is coming—and with the election on its way, it could be sooner than you think.
For most of us, considering the distribution of the property we have accumulated over our lives is a painful reminder of our mortality.
Many people focus on only protecting their estate from probate. However, in the big picture, probate is the least of their worries.
Planning for unfortunate events is particularly critical in the era of Covid-19.
When Pablo Picasso died in 1973 at the age of 91, he left behind about 45,000 works of art – so many that it would take the entire Empire State Building to display them all at the same time – and yet he didn’t leave a will.
The probate process refers to court proceedings that you have to go through when a loved one passes on, and they have left an asset in their name.
Estate planning is all about ensuring that your wishes are met after your death. All estate plans should include a will and powers of attorney. However, in many cases, a trust has additional benefits beyond what can be accomplished with the will and powers of attorney.
Estate planning is crucial, setting up a peace of mind for you, as you enter your senior years. Most people don’t create a will because they are afraid to even think about the possibility of death. It feels like too big of a responsibility.
One of the biggest wealth transfers our nation has ever seen is about to take place. Over the next 25 years, as much as $68 trillion of wealth will be passed to succeeding generations.