by Christine | Mar 4, 2014 | Estate Planning, Inheritance |
You may need to take some initial measures to protect your new wealth, but don't jump into making big decisions immediately. When a loved one passes along an inheritance, it is often a gift of great potential. Therefore, the heir should take some time to reflect...
by Christine | Mar 3, 2014 | Estate Planning, Trusts, Wills |
The question that many Americans want answered is: is a will or trust best for retirees? There are simple solutions to simple problems, and complex solutions to complex problems. That being said, when it comes to estate planning many Americans ponder the following:...
by Christine | Feb 28, 2014 | Business Succession Planning, Estate Planning, Family Business, Small Business |
Family businesses account for much of this country’s domestic product and are core to the American Dream. Whether it is a century-old international automobile manufacturer or a group of local dry-cleaners, family involvement in the business is a common goal. Like...
by Christine | Feb 27, 2014 | Estate Planning, Inheritance |
They are relatively older, they are probably inheriting from financially conservative parents and they are dealing with deep emotional reactions. Leaving behind or receiving an inheritance includes several planning points to ponder, including tax questions and legal...
by Christine | Feb 24, 2014 | Capital Gains, Cost Basis, Estate Planning, Estate Tax |
At the recent annual Heckerling Institute (the leading conference for estate pros) Paul S. Lee, a Bernstein wealth manager, called for a new approach to planning he puckishly described as “freebasing”–because it frees survivors to get the most potent income tax...
by Christine | Feb 20, 2014 | Elder Law, Estate Planning, Real Estate |
A life estate is a deed that entitles you to remain in your home for the rest of your life and allows your designated heirs to inherit it without the hassle of probate-court proceedings when you die. How can you avoid probate when it comes to the transfer of your home...
