Estate Planning

Estate planning is often seen as something that only people in their later years need to consider, but the truth is that everyone, regardless of age or financial situation, can benefit from having an estate plan. Planning for the future ensures that your wishes are respected, your assets are protected, and your loved ones are […] Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook

Valid Forms of Wills: Exploring Traditional and Modern Approaches, Including Text Messages and Phone Calls Wills are essential legal documents that express a person’s final wishes regarding their estate, from distributing assets to appointing guardians for dependents. Traditionally, a will had to be in writing, signed, and witnessed to be legally valid. However, in today’s […] Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook

When planning your estate, naming beneficiaries can seem like a straightforward way to ensure your loved ones are taken care of. Whether it’s for life insurance policies, retirement accounts, or bank accounts, designating beneficiaries can bypass the probate process and speed up asset distribution. However, beneficiary designations, while efficient, come with their own set of […] Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook

The IRS levies an estate tax on the assets of high net-worth individuals. This tax is imposed on estates larger than $13.61 million (as of 2024). This $13.61 million exemption is applicable to each person. Therefore, a married couple must be worth $27.22 million before they owe federal estate taxes. Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook

Estate planning can involve the use of a will and trusts. Learn about the differences in this post. Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook