Being appointed a trustee means someone has placed significant trust in your ability to manage their assets to benefit their beneficiaries. While you’re not required to hire an attorney while serving as a trustee, having legal representation can help you better handle the complexities of...
Life is never predictable. Plans change, and that applies to the terms of your Will. Suppose you delegate your older brother as executor of your estate, but he has moved to another country and doesn’t stay in touch like he used to. You know you’d...
You might not consider yourself to be wealthy. However, you possess an estate if you have property, assets, cash accounts, or anything else of monetary value. Moreover, you should be the one who determines what happens to that estate after you die. On the contrary,...
You might hear people use the terms estate planning and probate interchangeably, but that is not accurate. While they are both related, they represent different legal processes. Estate planning and probate will likely be relevant to you in the future, if not now. This is...
If you and your spouse drafted estate plans during your marriage, those plans will almost certainly need to be altered. Hopefully you have an attorney well-versed in estate planning law to assist you. What will you need to change in these documents? Health Care Power...
Particularly for younger people, it is easy to feel invincible. Health problems may seem far away, a distant inconvenience to address in future years. During the pandemic, however, many people are feeling the urge to complete end-of-life-related paperwork, just in case. The prospect of falling...
In one of the most talked-about estate planning cases in decades, Britney Spears’s estate plans have been the subject of tremendous debate and controversy. February of 2021 has proven to be a big step forward in this estate situation, as a judge has upheld a...
As with any services supplied by a law office, estate planning costs money. Some attorneys charge an hourly rate, while some charge a flat fee. When you enter into the process of creating your estate plans, how much might it cost? The main caveat to...
Many older people in the United States are revisiting their estate plans. Given the quarantine and the potential for illness, it is a smart time to look at these plans, and to make sure these documents cover everything necessary. As Paul Sullivan wrote in a...
Ah, the Adjusted Gross Income. The AGI. It is the magic number on your tax forms, which determines your tax bracket and the amount you owe in federal and state taxes. We all want to reduce our tax liability, of course. Creative CPAs and tax...
