Many people want to get ready in advance for what will happen when their life is over. This can be done through an estate plan that allows the individual to prepare for what will happen to their assets. When creating an estate plan, a person generally assigns a person to carry out their final wishes […]

Planning for death can be very overwhelming. However, it can be very beneficial to do so. By creating an estate plan, an individual can prepare for what will happen to their assets after they pass away. It allows them to have control over their lifelong cherished possessions when their life is over. When creating an […]

One of the most important things a person can do for themselves while they are alive is to create an extensive estate plan. In doing so, they make a plan to prepare for what happens to their assets after they pass away. This helps an individual to protect their cherished possessions and belongings. This may […]

An important part of life is creating an estate plan that allows individuals to prepare for what happens to their assets after they pass away. Part of administering an estate is the probate process. Probate is the process of deciding whether or not a deceased individual’s will is a valid document. The process also determines […]

Tax season is upon us and it seems as though it is more confusing than ever with new tax laws put in place. If you received an inheritance from a loved one within the last year, it is important to consider that when filing taxes. While there isn’t any federal inheritance tax, it is important […]

Before people pass, they usually take the necessary steps to ensure that their wishes are followed and their estate functions the way they hoped. This is supposed to ease their stress of not knowing what will happen once they are gone. It also helps avoid stress among the family left behind so that they may […]

At some point in an individual’s life, it may be difficult for them to manage their own affairs. In order to ensure that all matters are handled, loved ones will often step in to offer help. Many families choose to appoint a guardian to an individual who needs assistance with their affairs, whether they are […]

When an individual passes away, leaving an estate, it is important to be aware of the tax consequences that are associated with the assets the decedent owned at the time of death. It is important to be aware that estate taxes are different than inheritance taxes. Often, when an individual is planning their estate, they […]

Planning one’s estate is essential to their future. One component of estate planning that some people choose to utilize is a trust. A trust is appropriate for some circumstances and can allow the parties involved to reap a number of benefits. The individual must gather information on what type of trust will work best for […]

When an individual, known as the grantor, sets up a trust that typically benefits other individuals, they must appoint a trustee. A trustee has a very important role in making sure that the trust is properly administered, among other things. While trusts can be set up for a business or a charity, most of the […]