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Your dad bequeathed you a generous sum of money on his passing. Those gifted and inherited assets, in many instances, will be considered ‘separate property,’ not marital property. That might mean that they might not be subject to division, if you divorce. However, perhaps you want to backstop that hoped for result to make the protection more likely to stick if your marriage doesn’t work out.
One of the most important estate planning documents for all persons over the age of 18 to consider is a durable power of attorney.
There are good reasons why people want their estates to avoid probate, and a lot of ways to do it.
While the number of older Americans with wills has been dropping in recent years, that doesn’t mean you should forego this legal document.
If you’re putting together an estate plan, you have no doubt heard about the benefits of a living trust.
When it comes to owning property in two different states, you may wonder how to manage these in your estate plans.
The rapid rise in circulation and growing popularity of cryptocurrencies is prompting attorneys and estate planners to adjust, as digital assets are inherited through wills, trusts and estates, according to experts who warn of the danger of lost or misappropriated assets.
It’s hard for a family to recuperate when the patriarchs and matriarchs have gone to glory, leaving a battle for who will carry the family’s leadership role and manage the family’s transition of wealth.
It’s an important task that is easy to procrastinate. However, here is why you shouldn’t:
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