There’s one critical move that a large number of older Americans have yet to make: creating a will.
Why would you leave an inheritance to a trust for a beneficiary rather than “outright” to the beneficiary? The answer is control.
Charitable giving comes in many forms. Some people donate annually to their favorite charities, while others may volunteer their time or professional services.
Aging parents who need support from adult children do not always have power of attorney documents completed before caregiving begins. Caregiving situations arise from unexpected situations, like an accident in the home or health emergency like a heart attack or stroke.
The Tax Cuts and Jobs Act signed into law in December 2017 could have a major impact, not only on estate tax planning but also on income taxes derived from unrealized estate tax consequences.
The Tax Cuts and Jobs Act signed into law in December 2017 could have a big impact, not only on estate tax planning but also on income taxes derived from unrealized estate tax consequences.
In this article, we are going to give you the reasons why you should hire a lawyer for your estate plan.
Make a mistake when inheriting an IRA and you might face tax consequences. Make a mistake when inheriting a gun collection, and there’s a chance you could face felony charges. Therefore, anyone who owns a gun, may want to consider adding a gun trust to their estate plan.
However, there’s one type of tax on millionaires that Americans have consistently been skeptical of: the estate tax. Polling typically shows that a majority of Americans favor repealing this tax completely.
Under the new rules, veterans will be given three options for their benefits appeals. All three are designed to streamline the complicated existing process for cases, which can languish for years as new evidence and arguments are introduced throughout the timeline.