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.
You cannot name a legal minor as a beneficiary. This applies to almost all legal documents, most notably wills and life insurance policies.
If you die without a will, you die “intestate” and your assets will be distributed according to your state’s law. That could result in a distribution you didn’t intend.
The amount of money required to probate a will can vary by state.
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
