What Happens when Homeowner Dies without Will?
April 30, 2021
How do we move into probate, so we do not lose the house and bank accounts, while not killing ourselves in the process?
What Is Family Business Succession Planning?
April 29, 2021
If you plan to pass your business to your offspring, there is more to keep in mind when creating your succession plan than your descendants—there are also their spouses—especially if they become ex-spouses.
Should I Discuss Estate Planning with My Children?
April 27, 2021
Many baby boomers may hesitate to discuss money with their children. However, the reality is that a massive amount of wealth will be transferred in the next couple of decades. Cerulli Associates estimates that about $68 trillion will move between generations within 25 years, with most of those assets transferred to Generation X households.
Is the Pandemic Making Young People Think About Estate Planning?
April 22, 2021
Caring.com, a leading senior living referral service and the nation’s top site for senior care reviews, has published a comprehensive report from its annual Wills and Estate Planning Study.
What Does ‘Per Stirpes’ in a Will Mean?
April 21, 2021
Per stirpes in a will means that a deceased’s child’s share will pass to the deceased’s child’s children in equal shares, if any.
What Qualifies as a Qualified Charitable Distribution?
April 16, 2021
Qualified Charitable Distributions, which allow Individual Retirement Account holders in their 70s and older to divert some of their federally taxable required distributions to charity while reducing their federally taxable income, are back after a 2020 hiatus.
Why Is Family of a Texas Governor Fighting over His Estate?
April 15, 2021
The Kate Marmion Charitable Foundation, an entity created to support people and programs in Uvalde and South Texas, has become ensnared in a lawsuit involving the family of the late former Gov. Dolph Briscoe Jr.
Does New COVID Relief Bill have an Impact on Seniors?
April 13, 2021
Besides the third round of stimulus payments, multiple expanded tax credits for parents are perhaps the most widely known provisions of the COVID-19 relief bill that President Joe Biden signed into law on March 11. But the expansive legislation, formally known as the American Rescue Plan Act of 2021, contains provisions that affect Americans of all ages, even retirees.
What Paperwork Is Needed after Someone Dies?
April 12, 2021
While the tasks of dealing with an estate after someone passes may be simple administration, the work associated with it is often quite complicated.
Does My Family have to Pay My Credit Cards when I Die?
April 9, 2021
Especially with the average U.S. household having $7,027 in revolving credit card debt and Americans owing a total of $416.1 billion in credit card debt, according to a recent Nerdwallet study, some Americans will have credit card debt for the rest of their lives. However, what happens to credit card debt when you die?