How Do Joint Accounts and Beneficiary Designations Work in Estate Planning?
Remember that a will goes through probate, so a husband and wife typically try to avoid it by using joint ownership or beneficiary designations. However, they’re often mistaken by believing the will still controls their estate.
Do I Need to Name a Guardian for My Children in the Will?
Why naming a guardian for your child is important.
Pope Benedict XVI Declines Inheritance from his Brother
Retired Pope Benedict XVI has declined the inheritance of his brother Georg, who died in July, reported the German Catholic news agency KNA.
What Do I Need to Do after the Death of My Spouse?
The death of your spouse is a period of unimaginable grief. Unfortunately, there are many legal and financial obligations that will not wait.
No Time Like the Present Pandemic to Get the Estate Plan Going
There’s nothing like a once-in-a-lifetime global pandemic to focus one’s thinking. This year has been one for the books.
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.
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.
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.
Which Stars Made the Biggest Estate Planning Blunders?
The saying goes that anyone who does not learn from mistakes in the past, is doomed to repeat them. In estate planning, if you do not learn from other’s mistakes, you are likely to repeat them.