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The rapid rise in circulation and growing popularity of cryptocurrencies is prompting attorneys and estate planners to adjust, as digital assets are inherited through wills, trusts and estates, according to experts who warn of the danger of lost or misappropriated assets.
Giving may provide the donor with a sense of purpose, as well as a sense of responsibility.
These vacation homes may also comprise a significant portion of the family’s wealth. Therefore, it’s understandable that homeowners want to pass their properties and family traditions to future generations.
The first step in getting your affairs in order is to gather up all your important personal, financial and legal information, so you can arrange it in a format that will benefit you now and your loved ones later.
If you’re putting together an estate plan, you have no doubt heard about the benefits of a living trust.
The Internal Revenue Service (IRS) recently issued much anticipated proposed regulations that clarify and revise some of the required minimum distribution (RMD) rules for qualified plans (i.e., 401ks, 403bs, etc.) and individual retirement accounts (IRAs).
To get power of attorney (POA), the person granting you that power must name you as the agent to have the powers specified in the POA document. It must be signed by the giver while s/he is sound of mind.
When it comes to owning property in two different states, you may wonder how to manage these in your estate plans.
Beyond not making a will at all, here are the biggest mistakes that estate planning attorneys see clients make.
It’s an important task that is easy to procrastinate. However, here is why you shouldn’t:
