Did Loretta Lynn have an Estate Plan?
Country music icon Loretta Lynn passed away at the age of 90 on Tuesday, October 4th. The renowned singer had reportedly planned her funeral service before her death.
Who Inherits Queen Elizabeth II’s Fortune?
Is Prince Charles III the sole heir of Queen Elizabeth’s fortune?
Can You Gift Money on Your Deathbed?
One sure-fire way your clients can reduce the size of their taxable estate is to give gifts to loved ones while they’re still alive. But when are ‘deathbed gifts’ considered to be complete for estate and gift tax purposes?
What Did the Rolling Stones’ Drummer Say in His Will?
Rolling Stones star Charlie Watts has left £30million of his fortune to his family, UK probate papers have shown.
Caring for Your Aging Dad
Aging dads fall into two categories: those who adapt to change even if it means allowing others to help, and those who refuse to give up any kind of control. How can you help, when it becomes clear that Dad needs you, and your roles begin to reverse?
What Do I Need to Do Right after Spouse Dies?
Losing a loved one is never easy, even if you were anticipating the loss. During the hours and days following the death of a spouse or a close family member, you may be in shock and you will likely be disoriented, emotional and feeling like you’re in a constant fog.
When are You Required to File a Gift Tax Return?
The IRS wants to know how much you’re gifting over the course of your lifetime. This is because while gifts may be based on generosity, they are also a strategy for avoiding taxes, including estate taxes, reports The Street in a recent article “Do I Need to File a Gift Tax Return?” Knowing whether you…
Dying Parent’s Financial Affairs Can Be Challenging
Dealing with a sick family member is a challenging and emotional time.
What If an Estate Owes Back Taxes?
My mother passed, and she was an administrator of my grandfather’s estate and the inheritances. The estate accumulated quite a bit of back taxes over the years. Will the IRS put a lien on that estate as well as hers to retrieve funds?
What’s Elder Law and Do I Need It?
Why Elder Law Is Necessary? In two words: baby boomers.
