When you own or operate a business, ensuring that this plan accounts for the future of the business is critical.
Nobody wants to think about how their loved ones will cope when they die. However, it’s important to plan effectively to ensure a smooth transition of your wealth and worldly possessions — even if you’re young or feel like you don’t have much to leave behind.
Chances are, your home is full to the brim with cherished memories of family and friends. But, as you get older, you may start wondering what exactly will happen to your home when you pass away. Fortunately, a life estate can take away the uncertainty of this thought by legally assigning an heir to receive your property without interference from court proceedings.
Here are four types of estate situations that could call for professional legal help.
If you’re married, you may be wondering what happens to your assets once you or your spouse passes. The answer to that question depends on various factors, including whether or not you have a marital trust.
So why should you consider a more comprehensive plan than just leaving an out-of-state vacation home in your will?
Being a trustee is difficult but adopting these four best practices employed by professional trustees will go a long way to ensure that you’ll effectively execute your duties and mitigate your liability.
What will happen to your assets when you can no longer manage them?
After years of toiling away in the entertainment industry, Ray Liotta was able to build up an impressive net worth.
A person named as a transfer on death (TOD) beneficiary for an account will receive the assets held in it when the account owner dies.
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