An estate plan can give you peace of mind that things you value will be distributed according to your wishes when you die.
The unexpected death of comedy icon Robin Williams in 2014 set off an explosive battle over his $50 million estate.
If you are getting remarried, you obviously want to celebrate. However, it is also important to focus on less exciting matters, like redoing your estate plan.
As the Eagles ready themselves for a farewell tour that spans two months in late 2023, it’s hard not to think about their late guitarist Glenn Frey who passed away in January 2016.
Either a will or trust can be the foundation of your estate plan. If it’s a trust, it’s usually a revocable living trust.
The family vacation home is often a point of pride, a place for reconnecting and making memories. A vacation home, whether it’s in the mountains, near the sea, on a lake, or on a farm, can have sentimental as much as economic value.
The heirs of an estate can be liable to pay the estate or income taxes (and perhaps other obligations) of the estate.
This sunsetting creates a big imperative for business owners to take a closer look at tax planning, and not treat a grim fiscal inevitability like another unfortunate surprise.
If you die intestate, this means that you died without a valid will in place.
If you thought that doing your taxes got complicated when you acquired more assets, wait until you try to split them up among multiple children when planning their inheritance.
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