What Is Fair in a Second Marriage and Estate Planning?
If you are planning to take another walk down the aisle, it is critical to take the time to review and revise your estate plan, especially if meaningful assets and debts are being brought into the marriage.
Why Would I Need a Living Trust?
Have you made any plans to distribute your assets and take care of your family, when you die or become incapacitated?
Trusts can Work for ‘Regular’ People
When you hear the word trust fund, you might think of the uber-wealthy giving their kids a big chunk of cash on their 25th birthday. However, trust funds aren’t just for the rich.
What Is Prince Harry’s Inheritance from His Mum, Princess Diana?
Prince Harry told Oprah Winfrey that after being cut off financially by the royal family, he supported his new life in California with his inheritance from Princess Diana.
Are Childhood Collections Part of Your Estate Planning?
COVID-19 has altered how we spend our time. Most forms of socialization were scaled back or continued virtually. The forced isolation reignited a passion for hobbies and collecting.
Estate Planning After Remarriage
Married people in second marriages with prior children often have to balance the future well-being of their spouse with that of their own children.
Aretha Franklin’s Estate and IRS Resolve Tax Debt
When Aretha Franklin died in 2018, a powerful creditor came calling: The Internal Revenue Service.
Not Talking About Estate Planning Can Be An Expensive Mistake
Many baby boomers may hesitate to discuss money with their children, but the reality is that a massive amount of wealth will be transferred in the next couple of decades.
Equal Is Not Always Fair When Considering Inheritance
When you’re planning to divide your estate unequally, explain the reasons to your heirs, and remember: They might be hurt anyway.
Does Living Trust Help with Probate and Inheritance Taxes?
I was told that unlike wills, a trust doesn’t require probate and is not taxable. My main asset is a house that I want to pass on to my son. Would a living trust help?
