Everything each spouse earns during their marriage is community property. Fortunately, a gift or inheritance is separate property. However, that’s only half the battle.
Diego Maradona’s death has triggered an outpouring of grief around the world. Now comes the scramble for a share of the soccer legend’s complex financial legacy, ranging from his iconic jerseys to luxury cars, image rights and even an amphibious tank.
A last will and testament is a straightforward estate planning tool, used to determine the beneficiaries of your assets when you die, and, if you have minor children, nominating a guardian who will raise your children. Wills can be very specific but can’t enforce all of your wishes. For example, if you want to leave…
Lack of understanding around estate planning may be leading Americans to avoid getting a will, even as interest is on the rise due to the global pandemic, according to a new survey from financial services leader Policygenius.
A friend of the late Kenny Rogers is being sued by the singer’s estate for allegedly producing an unauthorized DVD of The Gambler’s farewell tour.
If you pass away without a will, a state court generally decides who gets your assets and, if you have children, who will care for them.
There’s much to plan for in life — college, your wedding, your first child, life insurance — and with more than enough to keep you busy, it’s easy to forget about your will. After all, no one wants to sit around and dwell on their death, but it is perhaps one of the most important decisions you will make in your life.
Adding an adult child to your house deed, or giving them the home outright, might seem like a smart thing to do. It usually isn’t.
After a loved one passes, one of the biggest hurdles families face is passing wealth onto the next generation. Unfortunately, family dynamics can spur conflict and infighting among descendants.
Changes in tax laws could be affecting—and outdating—your clients’ wills and bequeathing plans.