Asset Protection
What are Best Assets to Inherit?
If you really want to help your heirs out, these are some of the best assets to leave them.
February 7, 2022
Estate Administration
Is Prince’s Estate Settled Yet?
The administrators of the late musician’s estate recently settled a complicated dispute with the Internal Revenue Service over the value of Prince’s assets. The precise value was undisclosed, however, although it could exceed $100 million.
February 1, 2022
Estate Administration
James Brown Estate Battle Resolved … Almost, but Not Quite
For more than a decade, Brown’s heirs and estate administrators, including Mr. Bauknight and Adele Pope, a former executor, have battled in court over the value of his estate.
January 26, 2022
Advanced Directives
Is It Better to Inherit Stock or Cash?
If you’re planning to leave your heirs any sort of inheritance, you’re already giving them a valuable financial leg up.
January 25, 2022
Advanced Directives
How Does a Will Work after Death?
Every estate plan should include three essential documents: a durable general power of attorney, a healthcare power of attorney and a last will and testament. Of the three essential estate planning documents, the will is the only document that is used after death.
December 23, 2021
Estate Administration
What Is the First Thing an Executor of a Will Should do?
At some point in your life, there’s a good chance you’ll be tasked with acting as the executor of an estate. The designation is both an honor and an obligation.
December 13, 2021
Estate Administration
How Long Is Probate?
Probate is a legal process wherein a court oversees the settlement of an estate after the owner passes.
December 8, 2021
Asset Protection
Can I Protect Savings for My Family From Tax Law Changes?
Under the new Biden administration, the president has made his intentions clear about the potential to change the tax code.
December 7, 2021
Asset Protection
Do Gifts Count Toward Estate Taxes?
A recipient of a gift does not pay income taxes on the gift. However, the gift-giver may pay gift taxes, unless one of two exemptions applies.
December 6, 2021
Estate Administration
What Is a Dynasty Trust?
If you want to protect your family’s legacy from unnecessary taxes, divorce and creditors over the course of many generations, a dynasty trust could be your best friend.
November 8, 2021