
Is an Estate Plan Battle Looming?
If you own any property at all, you probably know about estate planning. You can decide what happens to your assets after you die, of course.

If you own any property at all, you probably know about estate planning. You can decide what happens to your assets after you die, of course.

You might be surprised at how many questions arise surrounding financial issues, legal arrangements and lifestyle choices.

Estate planning might sound like something that’s just for wealthy people with huge beach houses and billions in the bank. However, the truth is that estate planning is something we all need to think about.

If you knock time and money off the excuse list, you can take care of some important estate-planning tasks.

The estranged wife of the billionaire owner of New York’s Chrysler Building is entitled to more than 37 million pounds ($43 million) under the terms of prenuptial agreements, a judge in London said Monday.

Failing to properly plan for disability, death, or the ultimate transition of a family business can lead to disastrous financial consequences for both the business and the family.

As the American population of seniors continues to expand, the need for intentional estate planning becomes more urgent, especially for the children of aging parents.

In early 2022, Bloomberg News reported that Americans can expect to inherit $72.6 trillion over the next quarter century—more than twice as much as a decade ago. With so much potential generational wealth on the line, there is always a risk that it will become the subject of a dispute.

We’re all looking to save taxes, court costs, legal fees and ‘make it simple’ for our heirs. A last will and testament is the cornerstone of all estate planning, maybe with a trust.

Transferring a home to adult children is not quite as easy as giving them the keys and letting them move in. No matter how you do it, the taxman wants his cut, whether through estate and gift taxes or those for property and income, both federal and state.