Should I Do Estate Planning Now?
Not having an estate plan can create problems for the people you love the most.
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Not having an estate plan can create problems for the people you love the most.
Have you thought about how you'd like your family to continue after you're gone? Having an estate plan isn't just for the ultra-wealthy.
A recipient of a gift does not pay income taxes on the gift. However, the gift-giver may pay gift taxes, unless one of two exemptions applies.
Power of attorney is one of the most important legal forms for estate and elder care planning. Along with wills and trust documents, it is a critical document for arranging one’s affairs.
An online form or a DIY will kit may be a more cost-effective option. However, hiring a lawyer could save you money in the future.
One of the biggest conundrums of estate planning is considering how, or even if, you can give money or property to your heirs in a manner that will help them.
While we are alive, we can clearly make our own decisions. Unfortunately, one day you may find yourself in a situation where you cannot make your own decisions. Such situations occur most often in accidents, illnesses (physical or mental) and simple aging situations.
While no one wants to think about his or her own death, planning for the inevitable is an important part of protecting your assets and those you love.
Major changes in your life—such as marriage, having a baby, moving out of state, or divorce—should prompt a revisit to your current will. It is important to revise your will at these times, in order to ensure that your estate planning is up to date.
For many families with elderly people or engaged in estate planning, power of attorney is essential, especially if the elderly person’s mental abilities are compromised. Having someone who can take care of legal and financial matters can make this part of life far easier. However, power of attorney is a sweeping ...
