Is Putting a Home in Trust a Good Estate Planning Move?
May 27, 2022
Homes are illiquid assets that produce no income and come with ongoing costs for upkeep. Those issues can cause some snags with your trust.
Can I Split My Inheritance with My Sibling?
March 22, 2022
In order to give your brother half of the assets in the IRA, you will have to liquidate a portion of the account and pay the taxes on the liquidated amount if it’s a traditional IRA.
What If an Estate Owes Back Taxes?
March 11, 2022
My mother passed, and she was an administrator of my grandfather’s estate and the inheritances. The estate accumulated quite a bit of back taxes over the years. Will the IRS put a lien on that estate as well as hers to retrieve funds?
How to File Tax Return When Mom Passes Away
February 24, 2022
No one likes doing taxes, but the task is even more daunting when filing a return for someone who has died.
How Do I Write My Will?
February 11, 2022
No one knows when their time will come, which is why it’s important to have a last will in place. This document ensures that your final wishes are carried out after your death. Without a will, the laws of the state of your residence at the time of death will determine what happens with your estate.
What Is Elder Law?
February 7, 2022
Estate Planning may not be something you necessarily WANT to think about, but it could protect your interests and wishes long after you are gone.
Will Moving to a New State Impact My Estate Planning?
February 4, 2022
However, if you are retired and no longer generating employment income, you should make sure you weigh the financial implications of any potential move.
Does My State Have an Inheritance Tax?
January 20, 2022
Do you have to pay taxes on inheritance?
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.
How Do I Give My Children the Summer Home?
December 28, 2021
Whether you own a cabin in the woods or a mansion at the beach, creating an estate plan will determine the best way to distribute a home to your children.