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A discretionary trust is a type of trust that can be established on behalf of one or more beneficiaries.
If you do not plan appropriately and thoughtfully, problems may arise with respect to this property and your family when you are gone.
No one likes doing taxes, but the task is even more daunting when filing a return for someone who has died.
It’s generally recommended that you review your will and other end-of-life documents at least every few years, although there can be reasons to do a checkup more often.
Broadway legend Stephen Sondheim left behind an estate estimated to be worth as much as $75 million to his husband, charities and a dozen other friends, court papers show.
For most people, entering the realm of estate planning can feel a bit like traveling as a tourist into another culture. Because the language itself is unfamiliar, asking a question can result in an answer that is equally confusing.
Preparing for an estate sale can be a difficult and emotionally challenging task.
Non-probate assets are those assets which do not go into an estate when the owner dies.
However, if you are retired and no longer generating employment income, you should make sure you weigh the financial implications of any potential move.
Part of being a responsible homeowner is having a proper estate plan in place. After all, considering the home is generally the largest asset most people own, it’s prudent to ensure this asset is passed to the people you wish to leave it to.
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