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.
When planning your estate rarely will you experience difficulty naming your initial beneficiary or beneficiaries for your will, IRA’s or life insurance.
There are better—and often more creative—ways to plan and divide that can avoid family squabbles over cars, jewelry, furniture and household items.
When multiple generations live on the same property, issues over ownership, who inherits what and who provides what can get complicated fast.
The closer we get to 2025, the more complicated estate planning gets for people who have an amount between where the limits are now and where the limits might be in 2026.
Death is inevitable, but dying without an estate plan is not. Estate planning is a must for property owners, no matter how uncomfortable the subject might make you.
The heirs of an estate can be liable to pay the estate or income taxes (and perhaps other obligations) of the estate.
This type of will can ensure that your assets go where you want them to. However, there are many misconceptions about them.
What could go wrong with this transfer of generational wealth? Several things, in fact.
You’re single, and you don’t have an estate plan or even a will. Perhaps you think you don’t need either because you’re not wealthy and don’t have children.