Does the Executor Control Bank Accounts?
February 14, 2022
Administration of a decedent’s estate may involve investment accounts (with stocks and bonds) held in the decedent’s name or trust.
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.
Is Prince’s Estate Settled Yet?
January 18, 2022
The administrators of the late musician’s estate recently settled a complicated dispute with the Internal Revenue Service over the value of Prince’s assets. The precise value was undisclosed, however, although it could exceed $100 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.
When Should You Update Your Estate Plan?
October 27, 2021
If your life changes, so should your estate plan. Marriage, divorce, death of a spouse, a birth and a changing relationship with a child are just some of the life changes that may affect your estate plan.
When Should You Fund a Trust?
October 14, 2021
For larger estates, a revocable trust is generally the most effective tool for avoiding probate. It involves some setup costs. However, it allows you to manage the disposition of all of your wealth in one document, while retaining control and reserving the right to modify your plan.
How Does Probate Work?
September 14, 2021
There is a general understanding that every adult should have a last will and testament. However, for most people, exactly how that will is used remains a mystery.
Do a Married Couple without Children Need a Will?
August 30, 2021
In fact, many couples with no children mistakenly believe that they are less likely to need a last will and testament than couples with children.
Do You Need a Revocable Trust or Irrevocable Trust?
August 11, 2021
Trust funds are not just for the ultra-rich. These sophisticated estate-planning tools can make just as much sense for middle-class Americans who own a home and have a net worth of at least $100,000.