What Power Does an Executor Have?
January 27, 2022
If a loved one asks you to be the executor of their estate, think carefully before you take on this responsibility.
How Should I Plan to Sell My Business?
January 26, 2022
According to the Exit Planning Institute of Ohio, recent studies show that over 60% of the current U.S. business market is owned by baby boomers (those born between 1946 and 1964), who are ready to exit or transition their business over the next 10 years.
Does My State Have an Inheritance Tax?
January 20, 2022
Do you have to pay taxes on inheritance?
What are Digital Assets in a Will?
January 14, 2022
Most family members may not have a clue what we have floating out in cyberspace. Accessing or deleting accounts can be tricky for family members, if they don’t have your login credentials.
Can I Avoid Password Problems for My Family in Estate Planning?
January 13, 2022
Creating a list of digital accounts and instructions on how to gain access to them is now akin to having a traditional will or a trust in estate planning.
Why Do I Need an Estate Planning Attorney?
January 12, 2022
These are among the things an estate attorney can help you with planning. That’s why it’s essential to ensure you have one by your side, if you’re leaving an inheritance behind.
Is It Better to Inherit Stock or Cash?
January 10, 2022
If you’re planning to leave your heirs any sort of inheritance, you’re already giving them a valuable financial leg up.
Can I Avoid Taxes when I Inherit?
January 5, 2022
Unless you spend your winters in Aspen and your summers in the Hamptons, you probably don’t have to worry about paying federal estate taxes on an inheritance. In 2021, the federal estate tax doesn’t kick in, unless an estate exceeds $11.7 million. The Biden administration has proposed lowering the exemption, but even that proposal wouldn’t affect estates valued at less than about $6 million.
Why Naming Beneficiaries Is Important to Your Estate Plan
January 4, 2022
If you’ve ever spent time working through your estate plan, you know how important it is to select and update your beneficiaries.
What Taxes Have to Be Paid When Someone Dies?
December 31, 2021
Tax obligations continue on despite the passing of a loved one, and in some cases, come about because of it. Tax deadlines pose a challenge for grieving families.