How Can a Will Be Changed?
November 18, 2024
While a codicil provides flexibility, frequent amendments can complicate estate planning and create room for misunderstandings.
You Need a Buy-Sell Agreement for Your Business
October 7, 2021
What happens at your company when a shareholder dies or becomes disabled, or wants to leave? These are just two of the potential scenarios that can be properly addressed with a buy-sell agreement.
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.
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?
What States Make You Pay an Inheritance Tax?
February 26, 2021
As if losing a loved one weren’t hard enough, you might also have to add ‘death tax’ on the property that you receive from the estate—depending on where you live—in addition to all the other costs of death.
Some States Have No Estate or Inheritance Taxes
February 9, 2021
As states address budget woes due to the pandemic, one place they may turn to for revenue as they have in past economic crises is death taxes.