What You Need to Understand about Step-Up in Basis At Death
There are several tax concepts that are important for real estate investors, but for many people, step-up in basis is one of the least understood.
What the Movie “Knives Out” Teaches Us About Estate Planning
One of the most dramatic scenes in the movie, is the gathering of the Thrombey Family at their father’s estate to hear the reading of the will.
Tips on Owning Property with Someone Other than Your Spouse
It’s very common for spouses to title property they own together as ‘joint with right of survivorship.’ When one passes, the other owns the property outright. It’s simple, easy and automatic. However, it can get messy when the other joint owner isn’t your spouse.
Am I Too Young to Think About Estate Planning?
Many people equate estate planning with older people who have more assets and more to protect. However, that doesn’t mean younger people should ignore the benefits of estate planning. According to Caring.com, only 34% of adults ages 35 to 44 have a will and 18% of adults ages 18 to 34 have one.
Estate Planning Tips for Couples without Children?
If you and your spouse are child-free, you may think you don’t need to think about comprehensive estate planning—but you’d be wrong. You’ll still want to ensure your assets go where you’d like them to after you’re gone, rather than being divvied up by the state.