It’s unpleasant to think that a traumatic event or a chronic illness might incapacitate you. People are unfortunately affected by this every day. With this knowledge, many people like to prepare in advance for the kind of treatment they want…
Though probate has a negative reputation, thoughtful estate planning can often prevent or minimize the need for it. In reality, most heirs will have to navigate the probate process to some degree after losing a loved one. Understanding what probate…
You need to take practical and legal steps to plan for your child’s transition to adulthood as they turn eighteen. Begin well before their birthday to ease the transition and ensure they continue receiving their government benefits as an adult.…
In light of the potential lowering of the federal estate tax exemption allowance, it might be time to rethink how you plan on passing generational wealth to your descendants. Senate Democrats are proposing to lower the current estate tax exemption…
Taxes on gifts are charged when assets are transferred without equal consideration. The asset has to be of a certain value for the tax to apply; otherwise, it falls under the gift tax exclusion, either annual or lifetime. If the…
Personal injury lawsuits may result in a lump sum award or a structured settlement that is paid out over time. You may opt for a substantial initial amount with lesser succeeding payments to provide for lost income. These payments don’t…
Divorce is rarely an easy process. It is a stressful and emotional experience. There are many factors to consider that may also change over time. For younger couples, children are likely a top concern. For older couples, a long-term home,…
Legally, probate is the process of authenticating the will of a deceased person, reviewing their assets, paying their debts and taxes, and distributing their remaining assets to their heirs. After an asset-holder dies, the court will appoint a valid will’s…
When you die, your last will and testament specify what you would like to happen to your dependents and your property. If you have people who you love and care for, then creating a will for your peace of mind…
With the Internet of Things (IoT) intertwined with our lives, identifying and managing the digital property you own is more important than ever. From smart home devices to online investments and bank accounts, we’ve gone way beyond using the internet…
