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 | 2018-06-16T20:38:01+00:00 July 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 As such, any amounts withdrawn from non-Roth accounts are subject to income tax at the beneficiary’s ordinary [...]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 | 2018-06-16T20:34:07+00:00 July 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 | 2018-06-16T20:31:27+00:00 July 23rd, 2018|Estate Planning, Wills|0 Comments

A Brief Look at What Happens In the Probate Court.

  Usually when we mention probate, we are talking about how to avoid it. Today we thought we would give you a peek into the (dreaded) probate process. What Is Probate? Probate is the court-supervised process of distributing your assets to your heirs when you die. If you die leaving property (especially real estate) in [...]

By | 2018-05-21T23:05:24+00:00 July 19th, 2018|Estate Planning, Wills|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 | 2018-05-21T22:53:51+00:00 July 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 | 2018-05-21T22:51:07+00:00 July 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 | 2018-05-21T22:45:30+00:00 July 4th, 2018|Estate Planning, Trusts, Wills|0 Comments