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.
Administration of a decedent’s estate may involve investment accounts (with stocks and bonds) held in the decedent’s name or trust.
A revocable living trust is a great tool to help your assets pass smoothly to your beneficiaries and it can significantly reduce the headaches of probate.
Executors can use additional information in administering estates, especially if the executor is unrelated to the decedent.
State laws generally make it so that once a married couple is divorced, ex-spouses lose all property rights.
Preparing for an estate sale can be a difficult and emotionally challenging task.
The ‘HEMS’ (health, education, maintenance, support) standard in estate planning is used to guide trustees in how/when they should release funds to a beneficiary.
The rise in the stock market over the past several years, teamed with the passage of the SECURE Act two years ago and the scheduled 50% reduction in the size of the federal estate tax exemption four years from now, has resulted in a renewed interest in estate planning for IRA and 401k accounts owned by married couples.
Based on a recent survey by the American Pet Products Association, 2023-2024, 66% of households in the U.S. have pets—about 86.9 million households.
However, if you are retired and no longer generating employment income, you should make sure you weigh the financial implications of any potential move.