Learn the basics of Estate Planning, including wills and probate, trust, beneficiary designations & taxes.

In Death, The Details Become Essential

In my line of work, I have the unfortunate job to deal with the passing of someone’s spouse, parent, or sibling. I see in these moments of grief I know how, if the details aren’t thought of ahead of time, the pain can be compounded with the frustration of trying to navigate through the messiness [...]

By | 2018-03-11T00:19:04+00:00 January 30th, 2018|Estate Planning|

Use ‘Transfer on Death’ Form to Avoid Probate Court

Avoiding probate can be tricky, but you might be able to successfully do it following these three straightforward ways. If you own stock certificates or have a brokerage account the ‘transfer on death’ option can be used to avoid probate. This option is often called the ‘Uniform Transfer on Death Securities Resignation.’ You can designate [...]

By | 2017-10-23T01:28:41+00:00 April 24th, 2017|Estate Planning|

Big Changes Coming To Estate Tax Planning

A very significant thing has recently happened regarding estate taxes.  The significance of this chance is far reaching, the agent that grasps this will be far ahead of the competition.  Not only will this rule change make a huge difference is how estates are handled in regards to estate tax liability, it also opens the [...]

By | 2017-10-23T05:07:28+00:00 August 5th, 2016|Estate Planning|

Important Legal Documents Needed For Death or Disability

Have you ever wondered what documents might be needed in the event of death or a disability? Listed below are 15 essential documents from the website Funeral Resources: http://www.funeralresources.com/ Christopher P. Hill, the owner of Funeral Resources is an expert on this topic and his website is extremely helpful and a great place to investigate [...]

By | 2015-06-25T18:45:01+00:00 June 25th, 2015|Estate Planning|

Options for Avoiding Estate Tax

No one wants to think about leaving their loved ones with a heavy tax burden, which is why it is so important to speak with your certified financial planner to begin the planning of your estate as soon as possible. Even if you don’t think that you have a large number of assets, you would be surprised at the amount that the value of your cars, stocks, bonds, property, retirement accounts, etc. will total once your financial planner calculates it for you. Fortunately, there are several ways to avoid estate taxes, and this article will discuss some of the options available to you.

By | 2015-05-23T04:07:10+00:00 April 8th, 2013|Estate Planning|

Estate Planning Issues for Non Traditional Families – P2

If a couple resides in a state that permits common law marriage, estate planning can proceed just as it would in the case of a traditional marriage union. Couples who do not live in a state that permits common law marriage may still be able to claim married status if they have lived together for more than fifty years, have filed joint tax returns for most of this time, and under other specific conditions and special circumstances.

By | 2015-05-23T04:32:03+00:00 June 13th, 2012|Estate Planning|

Estate Planning Issues for Non Traditional Families – P1

A Non Traditional Family is an all encompassing term that is used to describe many different types of familial relationships. These may include, but are certainly not limited to: common law marriages, same sex partnerships, blended families, and domestic partnerships. The number of non-traditional families in United States has doubled since 1970, and Census figures estimate that 5.5 unmarried, cohabitating couples live in the United States alone.

By | 2015-05-23T04:30:26+00:00 June 13th, 2012|Estate Planning|

Estate Planning Issues For Non Traditional Families – P3

Unmarried persons, whether single or recognized as domestic partners, are at an advantage in terms of making gifts for tax planning transfer for the purposes of reducing an estate. This is because unlike married couples, unmarried couples, even domestic partners, are not permitted to split gifts, and tax free transfer of property, afforded to spouses, is not applicable in the cases of transfers between unmarried or domestic partners.

By | 2015-05-23T04:36:22+00:00 June 13th, 2012|Estate Planning|

Probate Conservatorships – Estate Planning Issues – P1

A Probate Conservatorship is a court proceeding in which a Judge selects a person, known from then on as a conservator, to manage the personal needs (known as Conservatorship of a person) and/or finances (Conservatorship of the estate) of a legal adult. This differs from the Guardianship appointment, which involves an appointed adult and a minor child.

By | 2015-05-23T04:38:19+00:00 June 13th, 2012|Estate Planning|