- Estate Planning for Parents By : Bart Scovill
Few groups have more need of estate planning than parents. Without a plan, parents will have no say to whom their children go in the event the unthinkable happens.... - New Cyprus Residents - Make Sure You Know Who Will Inherit Your Estate By : Jon Dow
In an earlier article we drew attention to the need to review assets and the manner in which they are held in order to escape liability to inheritance tax in the United Kingdom. - Estate Planning - The Mortgage: To Pay or Not To Pay By : Ronald Hudkins
Where does your home mortgage fit into your financial planning and particularly into your estate planning? In the world of yesteryear, the chief goal was to pay off the mortgage and hold the property free and clear. Higher land prices, higher building costs, and fluctuating interest rates have changed the landscape of the housing market, with instruments available from flexible interest schedules to interest-only mortgages, in which the buyer never actually purchases the property. - Estate Plans and Trusts Discussed By : Lance Winslow
We all know that we need to have our lives in order in the event of our demise because our families are so important to us. As the Death Tax slowing dies over the next many years, it behooves all of us to have estate plans and trusts set up to shield our assets from legal liabilities which can pop-up out of nowhere and also to pay the least amount of taxes to the government after we die. - Charitable Remainder Trusts: Preserving Your Estate By : Frank Amato
Most people would not dispute the value of financial and estate planning, but studies show that relatively few people actually adopt such a plan. Too bad, because in its present form financial and estate planning ensure that a person's assets and property will be put to the greatest use during life, and to the beneficiary's best use after death. - Three Advantages a Roth IRA May Offer Your Estate Plan By : Cristina Callegari
Many may not consider the possibilities that a Roth IRA can offer an estate plan. - Beneficiary Controlled Trust Fact Sheet By : Charles Lamm
As middle class estates get larger, and the divorce rate grows, more and more financial planners are utilizing beneficiary controlled trusts to pass inheritance on to future generations without loss to the beneficiary's creditors, ex-spouses, or even the IRS. - Private Annuity Trust, Charitable Remainder Trust or 1031-TIC: Which Is Right for You? By : Paula Straub
I've written a lot about how a PAT or a CRT or a 1031-TIC might be right for other people, but how do you decide if one is right for you? There are several things you should think about when trying to choose between these three options: - How Can An Estate Plan Help Me? By : Aaron Grey
Do you know how your life will be divided after your death? Who will your estate go to Who will look after your children? - Developing Your Estate Plan By : David Grimaldi
You’ve spent years growing your wealth and building your estate, so it is just good sense to plan to protect your assets and pass them on to your beneficiaries according to your wishes. - Probate: A Simple Explanation of a Daunting Topic By : Rick Ramos
Always wondered what probate is and what it's for? Get a straight-forward explanation here. - Corporate Kit Estate Binders By : Jimmy Sturo
Corporate kit estate binders help to keep everything in one place. Corporate binders usually have important material related to a public or private company, which includes a minute book, share certificate, common seal, stock ledgers, etc. All of these things are kept in a well-built, turned-edge, D-ring minute book binder engraved with the company name. This is a corporate kit binder. - Things to Consider When Using a Family Limited Partnership By : Jeff Faust
This FLP Alert is directed at clients and their advisors who have already established Family Limited Partnerships ("FLP's") and those clients who are considering a partnership as part of their estate plan. - What is Your Legacy? By : Matthew Tuttle
How will you be remembered when you are gone? - Estate Planning Not Just For The Wealthy By : Matthew B Gournay
You've worked hard, accumulated assets, and been diligent in saving for a comfortable retirement. Now it is important to implement a plan to protect those assets in the event something were to happen to you. - Protecting Your Child: Setting Up a Special Needs Trust By : LJ Stewart
Setting up a Special Needs Trust for children with disabilities. - The Strange Case of Strangi (Or "Life is Strangi(er) than Fiction") By : Charles Stoll
- Joint Tenancy, a Will or a Trust? What's the Best Way to Plan Your Estate? By : William K. Hayes
- Why Estate Planning Is a Woman's Issue By : William K. Hayes
- Will I Lose The Capital Gains Exclusion If I Gift My Home Through An LLC By : Michael Pancheri
Question: Dear Mr. Pancheri, I read your great article "Gifting Real Estate Under the Annual Gift Tax Exclusion." In this article you explain that an LLC can be used to accomplish this. I am considering an LLC- Is there any change in the basis when membership units are transferred (that is, can I take advantage of the Capital Gains exclusion)?-Can property taxes continue to be used as an income tax deduction when property is in an LLC? - Powers Of Attorney Vs. Successor Trustees - Does One Have More Power Than The Other By : Michael Pancheri
Question: I am listed as the Successor trustee, my bother is listed as the Durable Power of Attorney for property management of my father's estate. Does one have more power than the other. Does the POA have the power to sell my dad's property or do I the successor? Thanks ahead of time - really confused. N.H. - Sometimes a Conservator can be a Good Thing! By : Michael Pancheri
The thought of having a conservator appointed for a parent or relative - even a friend or neighbor - is something we all seem to loath. It has all sorts of negative connotations, including the fact that a conserved individual will be paraded through the probate courts with psychiatric and medical evaluations open for all to see. But, most of all, it's the loss of dignity that results when the state declares an individual incapable - and takes away his or her right to vote, or marry, or divorce, or write a check, or pay a bill, or make any other meaningful decisions. It's a position that no one wants to come to in this life. - Enduring Power of Attorney Being Phased Out By : Adrian Tatum
From the first Monday in April next year, the Enduring Power of Attorney will be banished forever. Its replacement will be more complex to get and is likely to cost more. - Ira Trusts: What's All The Hype About By : Perry Fields
A recent new development in estate planning is helping thousands of affluent people across the country with IRAs over 100,000 transcend estate tax and income tax. It keeps your beneficiaries from blowing all of the money you’ve worked so hard for. - Durable Powers of Attorney By : Perry Fields
One of our greatest frustrations as elder law attorneys is not being able to help families implement strategies that would qualify their loved one for Medicaid and protect family assets because a power of attorney is insufficient to allow us to do what we need to do. Therefore, we thought it would be beneficial to address durable powers of attorney in this issue. - Planning Ahead For Your Senior Years By : Perry Fields
When the diagnosis is Alzheimer's disease, the ability to manage your own affairs will decrease over time. Making adequate, informed decisions about your personal business and your health will become more difficult. But, early legal planning lets you choose a person to manage these things for you, according to your wishes. - Will HIPAA Sabotage Your Estate Plan By : Perry Fields
You may have recently noticed that your doctor, other health care providers and pharmacy now ask you to sign a receipt for their "Notice of Privacy Practices".The reason for this is a new law - one intended to protect your personal information from identity theft or public disclosure - which, unfortunately, also dramatically impairs your estate plan in several unforeseen and unintended ways. - The Australian Family Trust Explained By : Christopher Balmford
In Australia, a Family Trust (often called a discretionary trust) is set up to hold a family's assets or to conduct a family business. Generally, they are established for asset protection or tax purposes. Christopher Balmford from Cleardocs gives us an overview of how a family trust works and how to set one up. - Probate and Estate Sales By : Mika Hamilton
Probate and estate sales usually occur when someone wealthy dies. Estate sales have to be conducted because the decedent did not leave a will and everything is in his name. - Anguilla as a Offshore Jurisdiction By : Gissela Martinez
Anguilla is another jurisdiction with misleading bank secrecy. Commercial confidentiality is contained in the statues, BUT the government of Anguilla will co-operate fully with law enforcement agencies and regulators in other jurisdictions, think wholesale fishing expeditions and inquiries related to "possible" income tax violations. - Choosing Guardians for Children By : Jamie Kahn
The most important decision you'll make in your estate plan is appointing guardians for your minor children. Who you pick will impact not only your children but also the lives of your guardians. While you and your children may feel an affinity for a particular adult(s), that relationship could be strained in a 24-hour-a-day, 7-day-a-week environment. Where should you begin in picking a guardian? - Some Simple Strategies For Protecting Your Assets By : Gregg Hall
There are many small steps to take that will add up to big savings in the end. If you value the assets you have accumulated, or if you feel you should be accumulating more, take this advice and make some minor changes. - How To Protect Your Retirement Savings For Your Golden Years By : Gregg Hall
It is unfortunate when people have to push back retirement because they realized that they did not have enough saved, and their plan was not unfolding the way they had imagined. In order to prevent a stressful retirement, take action during your working years to cushion your retirement and get the most out of it. - Reverse Mortgage Supplemental Retirement Financing Strategy By : Jon Hansen
This article gives a great overview of reverse mortgages. Helpful information for homeowners that have lots of home equity, and for retired persons desiring additional income. - Your Will Is the Core of Estate Planning By : Catherine Ford
The single most important document associated with estate planning is a will. Make your will now to assert and safeguard your own decisions about your assets. - Getting the Right Inheritance - Estate Planning Through a Family Limited Partnership By : Shalom Issenberg
A Family Limited Partnership (FLP) is a powerful tool that you can use in estate planning. An FLP can protect you from outlandish lawsuits, liability claims that are false in nature and general litigation that is not your fault. You can establish an estate plan through a Family Limited Partnership and thereby get around inheritance taxes. - Top Asset Protection Strategies By : Susan Chen
Contrary to popular beliefs, asset protection does not mean hiding assets, and is not a trick to evade authority. Asset protection also does not involve deceptive agreements or fraudulent transfers. It is simply smart and safe financial planning. It uses the cunning of business and tools of financial planning to safe guard your assets from being extracted by outsiders who do not have any right to or claim on your hard earned money. - Estate Planning Decisions: Choosing Trusts - Wills and Lawyers By : Larry Stratton
It is essential to be an informed consumer when buying estate planning services. In doing so, you will be in the best position to make essential decisions in protecting your wealth and family. - Asset Protection In Relation To Medicaid And Bankruptcy By : Susan Chen
Advocating the proper asset protection measure is of crucial importance. - Why Everyone Needs At Least A Living Trust By : Michael Potter, J.D.
We share one thing in common. If you're reading this article you probably will not live to see the end of the 21st Century. The Revocable Living Trust is something most people should have but few actually see that it's done. Here is why everyone needs the Living Trust. - Asset Protection With A Family Security Trust By : Michael Potter, J.D.
Lawsuit Protection, Tax-Efficiency and Estate Planning can go hand-in-hand with a properly-drafted Family Security Trust. Used alone, it can save taxes and provide for estate planning. Used together with inter-active integrated planning, it can do far more. - Setting Up a Special Needs Trust for a Disabled Relative By : Gabriel Heiser
Many of us have a family member or close relative with a disability. We'd like to leave a portion of our estate to help this family member but are unsure how best to do this. Should we just make an outright gift? What about a trust? This article takes a look at some of the options. - I Don't Have a Will - Do I Really Need One? By : Gabriel Heiser
A common question estate planning and elder law attorneys often get asked is "Do I really need a will?" (The next question is always, "How much does it cost?" but we'll discuss that another day!) Most people would assume that an estate planning attorney would always answer "Yes, of course," but such is not the case. Many people simply have no need for a will. But let's take a look at why you may indeed want to have a will. - The Inheritor's Trust By : Gabriel Heiser
The Inheritor's Trust is a way for a child with a substantial estate to save estate taxes and obtain some protection against creditors, lawsuits, etc. This article discusses this new concept. - Medicaid and the Living Trust By : Gabriel Heiser
Living Trusts are widely advertised in seminars on estate planning. But can they be used if you may have to apply for Medicaid? This article discusses some of the pitfalls. - What Is A Children's Trust, And Why Should I Include One In My Will? By : Andrew Carter
A Children's Trust included in your Will will provide for your children's care, support and education until they reach the age of eighteen. Simply done, and an insurance in the event of an untimely death. - Asset Protection Trust By : Rocco Beatrice
About asset protection as trust; Define Grantor. - How the Rich Hide Their Assets By : Rocco Beatrice
How rich hide their assets. The Rich diversify assets. Hide assets w/ independent trustees, irrevocable trusts, foreign LLC, International Business Company, Corporations Chapter C or Subchapter S Corporations. - Offshore Asset Protection By : Rocco Beatrice
Offshore asset protection strategies to protect your savings, investments - What is Unclaimed Inheritance? Am I Owed Any? By : Nicole Anderson
Are you aware there is over 35 BILLION dollars in unclaimed money in the United States and some of it is unclaimed inheritance? This money sits in the state or federal unclaimed money pools until the rightful owner claims it. The problem is the account owners of unclaimed inheritance accounts usually don't know the money even exists so the money just sits and sits and sits- - Asset Protection-Joint Tenancy and Intentionally Defective Irrevocable Grantor Type Trust By : Rocco Beatrice
Why Joint Tenancy is bad advice from lawyers? Why Joint Tenancy has no Asset Protection? The alternative is Intentionally Defective Irrevocable Grantor Type Trust. - Anna Nicole Smith Dies Without a Will - What's a Will? What's a Trust? By : Rocco Beatrice
Anna Nicole Smith dies without a will. Without a will and a trust Anna Nicole Smith leaves behind many unsettled legal issues including paternal rights to her baby daughter, unsettled case against her late Husband's estate Howard Marshall II. What's a Will? Why is a Will not enough? What are Trusts? What happens at the death of someone with only a Will? - Medicaid Nursing Home Spend-Down Program: 5-Year Look Back By : Rocco Beatrice
The Medicaid nursing home spend-down program mandated by the government has 5-year look back provisions placing financial devastation on senior elderly couples and the next generation baby boomers. What are the government's Medicaid long-term care plans? Is reverse mortgaging an option? Pros and cons of a reverse mortgage. Plan ahead with solid Medicaid estate planning and protection. - The Estate Plan Of Anna Nicole Smith - Lessons For All Of Us By : Larry Stratton
The best time to engage in estate planning is when we are healthy. The example of Anna Nicole Smith and her estate plan is an instructive lesson on how not to handle your own estate planning issues. - How to Find the Best Estate Planning Attorney for Your Family By : Natalie Aranda
The importance of proper estate planning need not be stressed. When you hear the word estate, it refers to everything you worked hard for. Your home, money in bank accounts, investments in stocks, mutual funds and bonds, cars, life insurance, business and others. Without proper estate planning, your beneficiaries will most likely be inconvenienced with all the requirements in settling your estate. - Debunking Estate Planning Misconceptions By : Larry Stratton
Estate planning conjures up a lot of emotions. And not all of those emotions are positive - after all, planning for your own demise is tough! However, consider this: Planning your estate will not shorten or lengthen your life by a single moment. So why not think about it and do it? - What Would Happen If You Got Sued? Can't Happen To You? Think Again! You Need Asset Protection By : Doug Collins
Sadly this could happen to you: The doorbell rings and a courier arrives with a package for you to sign. What could it be? A gift from someone? You sign and open the box to find you have been served. The mailman tripped and hit his head which led to a stroke. His family is now suing you for 18 million dollars. Your home insurance policy only covers personal injury up to 7 million. Your in big trouble. What started out as a great day has now become the beginning of a nightmare. Your assets including your home are at risk.Sadly this coiuld havppen to you. It happens thousands of times each day! Courts are filled with these types of cases every day. I personally know the head of a large law firm that only handles these type of cases. Its a big business.Now here's the kicker: These lawyers work on comission. The party filing the lawsuit pays nothing and the lawyers are like hungry dogs. Nipping and knawing at you. Dragging you into court for this and that. All the time you have to pay a lawyer ungodly sums of money to just defend yourself. The nightmare doesn't seem to end. Then when they have you sweating they start the settlement proceedings. All the time you are paying your lawyer. If if you win, you loose! Do you risk loosing everything or do you settle? - Why a Will is Not Enough to Save Anna Nicole Smith's Baby Daughter? By : Rocco Beatrice
The assignment of choosing a guardian for your minor children is the most important aspect of having a will. A will also assigns an executor. A will doesn't protect your assets nor avoid the probate. A trust - revocable or irrevocable - needs to be considered. What's the distinction between a revocable trust and irrevocable trust? - Asset protection with Joint Tenancy, Tenancy in Common, Tenancy in Entirety & Community Property By : Rocco Beatrice
Protecting assets by Joint Tenancy, Tenants in Common, Tenancy in Entirety or Community Property have many disadvantages. Loss of step-up in basis upon the death of the first Tenant; loss of estate tax protection; possible exposure of the assets; Joint Tenancy disinherits all other heirs; possibility of a gift tax consequence; Joint Tenancy supersedes any trust with the loss of all trust benefits. - Asset Protection: General/Limited Partnership, Corp Chapter "C"/Chapter "S", LLC, Trusts By : Rocco Beatrice
Asset protection comparison & definitions of General Partnership, Limited Partnership, Corporation Chapter "C", Corporation Chapter "S", Limited Liability Companies & Revocable Trusts and Irrevocable Trusts. Mentions Family Limited Partnership advantages in asset protection & reduction of federal estate taxes. Notable example of Breach of Fiduciary Duty of Trustee of U.S. Bank National Association. - Estate Planning and the Enduring Power Of Attorney - Changes Imminent By : Ray Prince
It can be hard to imagine that you may not be able to look after yourself at some point in the future. As most of us are only too aware though, the chances of this situation arising is likely. But who will look after your financial affairs? And how will it all work, especially if your situation deteriorates quickly? Let's look at the options available to you- - Your Estate Planning Attorney Is Ripping You Off - By Doing His Job! By : Danny Eitreim
How your estate planning attorney is accidentally ripping you off! How to save a lot of money on attorney consultations fees. - Why Offshore Asset Protection (Aka Foreign Asset Protection) Is Good? By : Rocco Beatrice
Discusses why offshore asset protection (aka Foreign Asset Protection) is a legitimate business necessity. 1040 income tax return, schedule B line 7a: did you have authority over financial account in a foreign country. 1040 form, schedule B, question 8 regarding Foreign Asset Protection Trust. Other articles describe more opportunities for offshore asset protection strategies. - What Is Good Asset Protection? Part 1 By : Rocco Beatrice
Part 1: Steps to good asset protection and wealth preservation. Know these facts of asset protection. Discusses what assets to protect and consider, domestic asset protection and foreign or offshore asset protection strategies and platforms. From Grantor Trust and Non-Grantor Trust to Foreign Asset Protection Trust (FAPT) and International Business Company (IBC). How to avoid fraudulent conveyance? - What Is Good Asset Protection? Part 2 By : Rocco Beatrice
Part 2: Steps to good asset protection and wealth preservation. Know these facts of asset protection. Discusses what assets to protect and consider, domestic asset protection and foreign or offshore asset protection strategies and platforms. From Grantor Trust and Non-Grantor Trust to Foreign Asset Protection Trust (FAPT) and International Business Company (IBC). How to avoid fraudulent conveyance? - Nevis LLC (Foreign LLC) Protects Assets and Avoids Fraudulent Conveyance By : Rocco Beatrice
How the Nevis Limited Liability Company, a Foreign LLC, can protect one's assets and still avoid fraudulent conveyance if the member's interest remains proportionate to the contributed capital. Creditor can issue charge order against the Nevis LLC. Mentions how Foreign Limited Liability Company and International Business Company (IBC) are used for asset protection and tax haven by Michael Jackson. Defines bearer shares. - Would You Want EVERYONE To Be Able To Read Your Will? By : Danny Eitreim
Your will - showing everything you've accumulated throughout your life - is public record! Anyone, even your enemies can read it! This article shows you how to keep your estate private. - Inheritance Tax Saving Wills - Not Just For The Very Rich! By : Andrew Carter
Inheritance Tax is a subject which most people think of very infrequently if at all. The attitude is normally that it won't apply to me – it's just something for rich people to worry about – or that I'll be dead so it won't worry me anyway. The fact is people don't like thinking about death at all, let alone any financial consequences! - Grantor Trust - What is It? By : Rocco Beatrice
How the grantor trust relates to the trust contract. What is a grantor in a trust? The living revocable trust by the grantor does not provide asset protection nor avoid estate taxes. The grantor benefits when setting up an irrevocable trust. - Trustee of a Trust By : Rocco Beatrice
What is the trustee of a trust? What is the accountability of a trustee and the fiduciary relationship to the beneficiaries? How does the trustee relate to an irrevocable trust? What's a trust protector? - Beneficiary of a Trust By : Rocco Beatrice
What is a beneficiary of a trust? Describes basic categories of the exercises of the beneficiaries' rights, two main categories of sequential interests of a beneficiary, the two beneficiaries from the trustees perspective. How the beneficiary relates the to the trust contract? Defines bare trust, express trust, tenant for life, remainderman, fixed beneficiaries, discretionary beneficiaries, simple trust, will trust, testamentary trust, inter vivos trust. - Trust Protector - The Powers and Responsibilities of a Trust Protector By : Rocco Beatrice
What is a trust protector? What are the duties and powers of a trust protector? Change trust's situs, veto distribution to beneficiaries, replace trustee, control disbursements of trust or terminate trust if costs of administration is greater than available funds. Mentions asset protector in Foreign Asset Protection Trusts (FAPT). Trust Protector is someone close to family, CPA, accountant or lawyer. - Selecting a Good Trustee - Factors to Consider When Choosing a Trustee By : Rocco Beatrice
How to select or choose a good trustee. What are the factors to consider when choosing a trustee? Who are some bad trustees? Consequences when the grantor names himself trustee. Co-trustees and trust protectors can ease responsibilities. Mentions testamentary trust, testor, settler, trustor, grantor, inter vivos trust, corporate trustees, trust companies, bank trustees and family members, accountants and lawyers as trustees. - How to Invest When You Have No Money By : James Hendrickson
A quick discussion of three easy ways to invest from $25 to $250 dollars - Refinance Mortgage Interest Rate Top Tips Will Save You Thousands By : Andrew Herbert
Expert Tips and advice article on how to choose the best interest rate refinance Mortgage available on the market today to save you Thousands in the long term - ILIT's Offer Exceptional Estate Tax Planning Benefits By : Shawn Christopher
ILIT's are invaluable estate planning tools that may provide exceptional tax saving benefits. These life insurance trusts must be established and operated correctly to ensure that their objectives are attained. - 8 Reasons for Choosing Foreign or Offshore Trusts By : Rocco Beatrice
Discusses eight reasons for taking advantage of foreign or offshore trusts to lower explicit taxation, increase after-tax profit, safeguarding assets whilst taking advantage of specific Offshore Financial Centers. Why domestic asset protection is not enough. Alaska and Delaware compete with offshore trusts. - How the Advanced HealthCare Directive Makes Life-Saving Decisions By : Rocco Beatrice
What is an Advanced Medical Directive in controlling your medical care? The Advanced Medical Directive is a legal written instrument to consent or refuse any medical treatment, make decisions not to resuscitate, select healthcare providers, apply for Medicaid, appoint an Agent to be guardian, provide for disposition of body and funeral arrangements. - A Walk Through Of Financial Planning Process By : Cornie Herring
Financial planning is important to your life; success or fail to plan your financial will impact your life related to money. The six areas of financial planning that reviewed in this article are all interrelated. Hat affects one area impacts the other areas as well, you should be aware of these areas and ho they impact your financial strategies. - Estate - Clearing Up Estate Document Confusion By : Jeffery Voudrie
Few topics confuse investors more than figuring out what estate-related documents they need. Living Wills, Living Trusts, and Powers of Attorney are just a few of the terms that most find hard to define, let alone understand. - Estate - To Trust Or Not To Trust That Is The Question! By : Jeffery Voudrie
Living Trusts have become very popular and are being heavily promoted to seniors. Should you Trust or not Trust? That is the question. Read on to learn some simple guidelines that will help you know whether a Living Trust may be right for you and how to go about getting one if needed. - Estate - Do You Owe Taxes On That Gift? By : Jeffery Voudrie
This article discusses gifts and if you will owe income taxes on them. - Estate - How Do You Like These Odds? By : Jeffery Voudrie
Are you a gambler? Do you like to play the odds? Here are some real-life odds for you to consider: 90% of people become incompetent before they die! Of course, your spouse might not think you're of sound mind right now, but that’s beside the point! If you don't take action, you could needlessly cost your spouse thousands of dollars and countless headaches in order for them to make decisions on your behalf. - Estate - Don't Be Left Holding The Bag By : Jeffery Voudrie
Ned almost lost the farm that had been in his family for 8 generations! We've all heard that "The Devil is in the details". It is especially true when it comes to estate planning. Make sure you don't make the same mistake Ned did. - Estate - Will You Lose Your Home To Medicaid? By : Jeffery Voudrie
The largest financial risk that seniors face today is the potential of assisted living and nursing home costs to devour the nest egg that has taken a lifetime to build. Many will end up relying on Medicaid to pay these costs. If that's the case for you, chances are that Medicaid will come after your home when you die. - Division Without Divisiveness By : Angie Morris
You've probably heard the horror stories - how sometimes families are torn apart by hard feelings stemming from the inequitable division of estates or even from the perception that the division was not fair. As an outside observer, it might be easy to dismiss such cases as pointless, petty, and avoidable. But how easy it is for all of us to repeat the same mistakes that led to these tragic consequences! - Don’t Let Poor Estate Planning Tear Your Family Apart By : Angie Morris
Even if your kids are grown up with families of their own, you can probably remember scenes of intense sibling rivalry when they were younger. In some families, that competition continues into adulthood- for others, it recedes as children age and mature. But it can all come flooding back while trying to divide up your estate after your death as your kids argue over who gets what. - Good Intentions Could Lead to Family Feuds By : Angie Morris
Good Intentions Could Lead to Family Feuds - Ground Rules for the Division of an Estate By : Angie Morris
Ground Rules for the Division of an Estate - How Well Do You Know Your Siblings? Better Yet, How Well Do You Know Yourself? By : Angie Morris
There are only five senses, but countless ways of seeing things. "Personality Differences" often cause conflict in the division process of an estate settlement. Without understanding these differences, the process of keeping the peace and avoiding conflict will be much more difficult. - In Estate Planning – An Ounce of Prevention is Worth a Pound of Cure By : Angie Morris
In Estate Planning – An Ounce of Prevention is Worth a Pound of Cure - Preparing for the Inevitable By : Angie Morris
Preparing for the Inevitable - The Three Main Causes Of Conflict In An Estate Settlement And What To Do About Them By : Angie Morris
Most attorneys believe that the majority of problems related to dividing an estate should be solved outside of the courtroom – in other words, prevented. - What Did James Brown and Anna Nicole Smith Have in Common? By : Angie Morris
What Did James Brown and Anna Nicole Smith Have in Common? - What Is An Estate Plan? By : Angie Morris
There are many misunderstandings about Estate Plans and who should have them. Many people think that an estate means a large tract of land and great wealth and extensive personal property that is very valuable, such as vintage antiques and collectibles. - Estate Planning Made Easy.Easier By : Keith Springer
A major intergenerational transfer of wealth is underway, like nothing before seen in this country-or the world, for that matter. Estimates from the Federal Reserve Board have the richest 5% of U.S. households likely to pass along nearly 60% of the nation’s wealth within the next 50 years. - Estate - How To Legally Avoid Taxes On Gifts And Inheritances - Part 2 By : Jeffery Voudrie
Last week I explained in theory how you can legally avoid paying taxes on gifts and inheritances. Avoiding taxes on gifts and inheritances is based on cost-basis. To help you apply this to your situation, I want to share some real-life examples of how my clients use these principles to legally avoid paying taxes on gifts and inheritances. - Estate - How To Legally Avoid Taxes On Gifts And Inheritances By : Jeffery Voudrie
Nobody likes to pay taxes. If done incorrectly, though, the way you inherit an asset can result in you needlessly paying tens of thousands of dollars in taxes. Knowing some simple rules will reduce your tax bill and allow you to keep more of what you inherit. And it will also keep you from creating tax headaches for loved ones to whom you wish to gift assets. - Heirloom Antiques for the Comfort of Being Home By : Janet O'Dea
When you purchase a hand made or antique item today you are buying character and quality that adds to the beauty, comfort and gives you the feeling of being grounded, provides a conversation starter, and sense of being home. Leaving this item to your heirs becomes part of your legacy and intersects their history with yours, and provides a deeper connectedness and sense of home. Some advice on purchasing quality antique or art items that will add to your legacy. - Domestic and Foreign Trust Differences By : Rocco Beatrice
A brief look at the history of the Trust and Trustee. The differences of a domestic onshore trust and the foreign trust. Tax consequences vested with tax jurisdiction under which trust is created. Factors of trusts including role of Grantor, Trust, Trustee, Beneficiaries, provision of successor Trustee, compensation of Trustee services, exclude Beneficiaries, incompetent Beneficiaries and power to merge other Trusts.
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