Estate Planning Blog

Gift Tax - Why Should I Give My Money Away?

Everyone likes money, right? Giving money to family or friends can also be a smart tax planning move.
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How Do I Talk to My Parents About Estate Their Estate Plan?

If you have a parent over the age of, say, 65, thoughts about their future may have started to creep into your mind. But because end-of-life planning can be emotional and overwhelming, it’s tempting to put these conversations off — and even more pleasing to avoid them altogether. If there’s a lesson to be learned from the pandemic, however, it’s that waiting until the last minute to prepare is seldom a good idea.
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What are My Responsibilities if I’m Named an Executor?

If a loved one asks you to be the executor of their estate, think carefully before you take on this responsibility. While you have the option of declining the request, the person reaching out likely considers you to be responsible and detail oriented. An executor of an estate typically helps file paperwork, close accounts and distribute the assets of the deceased.
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Do You Need a Revocable Trust?

Many people planning for the future may want to place their home in a revocable trust for their children. This is especially true if the house is paid off, and free and clear of a mortgage. However, what would happen if the home were placed in a trust and then you decide to sell it? […]
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Estate Planning Tools You Must Have

Like DMX and Prince, many people have procrastinated putting an estate plan in place until it's too late.
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Avoid Probate with a Will.

If you die without a will, you die “intestate” and your assets will be distributed according to your state’s law. That could result in a distribution you didn’t intend.
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Don't Delay Your Will.

Out of sight, out of mind isn't just an everyday adage—it's one of the reasons why people 50 and over fail to write a will, update a previous one, or make other estate planning decisions.
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What Does an Estate Plan Include?

A will is first. In essence, a will spells out who will get your stuff, in what proportions they will get it and in some instances at least, upon what conditions.
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Why you need a Medical Power of Attorney.

Selecting medical powers of attorney is an important step to take to ensure you get the care you want if you are unable to advocate for yourself.
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Here’s Why You Need an Estate Plan

No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.
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