The perception is that trusts are for the very wealthy and that they cost a ton of money to set up. The reality is a trust can be a fantastic tool for the average person or couple, because it simplifies things in the event of your death.
What would happen with your kids, should something happen to you? It’s a question that most parents don’t like to think about.
Do you have a friend or family member who is that pet owner? Expensive toys. Over the top sweaters. A Facebook or Instagram account filled solely with pet pictures. Maybe you are that pet owner, if you are reading this article.
As life happens and things change—and as you pass big milestones like getting married, having children or retiring—your estate plan and will should change too.
According to a new report from Kaspersky Lab, more than one in 10 people have now used cryptocurrency to make a purchase. As this number continues to grow, so does the importance of understanding the potential tax and estate planning consequences.
You’re hoping to leave your loved ones a nice legacy and something that can enhance their financial security or help them achieve special goals. Have you considered how your individual retirement account (IRA) fits into your estate plans?
Trusts are one of the most versatile items of the financial planning toolkit. However, they are not just for rich people. With the new higher estate tax exemptions, avoiding or reducing estate tax is not a concern for most of us.
Legal experts say estate planning doesn’t have to be complicated or costly.
Having a loved one with dementia can be scary. However, if you add in a firearm, it can also get dangerous.
Wills deal with the transfer of valuable properties – both real estate and funds – so the law imposes formalities that are intended to increase dependability and reduce ambiguity.