Do I Have to Pay Taxes during Retirement?
October 13, 2020
Some retirees may be surprised to learn that a portion of their Social Security benefits could be subject to federal income taxes.
Dividing Pablo Picasso’s Estate, a Disaster
October 12, 2020
When Pablo Picasso died in 1973 at the age of 91, he left behind about 45,000 works of art – so many that it would take the entire Empire State Building to display them all at the same time – and yet he didn’t leave a will.
Should You Include a Letter of Instruction with Your Estate Plan?
October 9, 2020
LOIs may also include whatever you think may help the people you leave behind or who would take over if you are not capable.
How to Keep Track of Mom’s Healthcare Information if She Gets Sick or Injured
October 8, 2020
Build your own medical emergency packet.
New Survey Conducted on Keeping the Elderly Safe in the Pandemic
October 7, 2020
Forty-one percent of participants in a new survey said they don’t trust assisted living communities and nursing homes to keep older adults safe amid the coronavirus pandemic.
How Can Siblings Settle Disputes over an Estate?
October 6, 2020
Unfortunately, due to hidden resentments, siblings still tend to end up in court suing each other and losing great chunks of their inheritance in the process all too frequently.
Pre-Election Estate Planning Includes a Vast Variety of Trusts
October 2, 2020
Why wait? A variety of trusts—from SLATs to BDITs, GRATs and more—can help you be proactive in protecting your wealth.
How to Protect Your Estate from Unintended Heirs
October 1, 2020
What happens when a decedent’s will or trust does not provide for a decedent’s child?
What If a Sole Beneficiary Wants to Share?
September 30, 2020
An Uncle (or grandparent, sibling, or parent) died, leaving his IRA to one named niece (or grandchild, sibling, or child). However, everyone, including the named beneficiary, agrees–the decedent should have named all members of the class as equal beneficiaries. After all, he left all his other assets equally to all the class members. He surely meant for all of them to share the IRA equally too, right? Can’t we just ignore this mistake and pay out the IRA to everybody?
Do I Have to Accept an Inheritance?
September 29, 2020
No one has to accept inherited assets. Inherited assets can be disclaimed.