Ultra-wealthy Americans can soon protect more assets from federal estate taxes, the IRS announced this week.
If the surviving spouse is a second or subsequent spouse and did not have any children with the decedent, the surviving spouse takes even less.
An estate plan works like the operating system on your phone or computer. It runs in the background. However, it needs occasional updates to keep the plan current.
Here is a list, in no particular order, of what needs to be done after someone passes to help you during this difficult time.
Advance directives typically consist of a living will and a power of attorney for healthcare.
Robert, the older brother, and Lon, the younger one, were close as they were growing up in the Queens borough of New York City. However, when their mother passed away and left the bulk of her estate to Robert, Lon was devastated.
Here’s a simple financial question: who is the beneficiary of your IRA? How about your 401(k) or annuity?
Just 34% of adult Americans have an estate plan and 37% of respondents said they didn’t have a plan at the ready.
Here are three smart moves to make when picking (or adjusting) your life insurance beneficiaries.
One goal of estate planning is to bring some certainty to a multitude of variables. Recent increases in inflation, interest rates and market volatility, however, are causing some experts to reassess their options.
2500 S Power Road
Bldg 14 Suite 132
Mesa, AZ 85209
Copyright © LifePlan Legal AZ. All rights reserved. Some artwork provided under license agreement.
Privacy Policy | Disclaimer
