Should You Leave Your Home To Loved Ones Through Your Will or a Beneficiary Deed?

Decisions, decisions, decisions. You can leave your home to your heirs through your will, of course. Or, you can use a beneficiary deed. Choosing to Leave Your Home Through Your Will. Your Last Will and Testament (“Will”) determines how your property is divided when you die. You can (and most people do) leave your real [...]

By |2019-05-06T20:42:55+00:00July 30th, 2018|Estate Planning, Trusts, Wills|0 Comments

A Brief Look at Inherited Retirement Accounts.

If you have any type of retirement account — a 401(k), IRA or pension—estate planning for these accounts is critical. Inherited Retirement Accounts. For tax purposes, retirement accounts are considered to be “income in respect of a decedent.” As such, any amounts withdrawn from non-Roth accounts are subject to income tax at the beneficiary’s ordinary [...]

By |2019-05-06T20:42:55+00:00July 27th, 2018|Estate Planning, Trusts, Wills|0 Comments

3 Tips for Avoiding a Will Contest.

These days it seems that people will argue over just about anything. When it comes to your estate, avoiding time-consuming and expensive arguments —like will contests—is critical. Below are 3 Tips that will help you to avoid having your estate tied up in a will contest. What is a Will Contest? But before we get [...]

By |2019-05-06T20:42:55+00:00July 23rd, 2018|Estate Planning, Wills|0 Comments

3 Things Not To Put in Your Will.

Are there things that you should not put in your Will? Yes. Here are 3 of them. Certain Types of Property. Your Will (“last will and testament”) is a legal document that states your final wishes and gives instructions about how to divide up your property when you die. But there are certain types of [...]

By |2019-05-06T20:43:13+00:00July 16th, 2018|Uncategorized|0 Comments

Does Having a “No Contest” Clause in Your Will Really Keep People from Contesting it?

One of the things you want to try to avoid when you die is having someone contest your Will. (The other thing is probate. But that is the subject of other posts.) Why is that, you ask? Because will contests embroil your estate and family members in bitter and often prolonged legal battles. They can [...]

By |2019-05-06T20:43:13+00:00July 9th, 2018|Estate Planning, Trusts, Wills|0 Comments

How to Have an Income for Life, Avoid Taxes and Give to Charity.

Ever wish you could secure an income for life, avoid taxes and contribute to your favorite charity at the same time? Well, you can. Here is how. Consider Setting Up a Charitable Remainder Trust. Talk to your estate planning attorney about setting up a charitable trust. A charitable remainder trust is an estate planning tool [...]

By |2019-05-06T20:43:13+00:00July 6th, 2018|Estate Planning, Trusts, Wills|0 Comments

Why Estate Planning For Blended Families Can Get Tricky.

According to research, over 95.5 million people have some kind of step-relationship. Given the high divorce rates, this is not surprising. If you are divorced, widowed, or remarried, it is very important that your estate planning documents are carefully drafted by knowledgeable trusts and estates counsel. Why not just do it yourself? Because in a [...]

By |2019-05-06T20:43:13+00:00July 4th, 2018|Estate Planning, Trusts, Wills|0 Comments
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