Estate Planning
Death of Entertainer’s Brother may have Impact on Estate
John R. Nelson was Prince’s half-brother and oldest brother. He was born in 1944.
October 22, 2021
Elder Law
Common Mistakes in Claiming Social Security
Social Security benefits serve an essential role in most Americans’ retirement plans. Yet many people — even soon-to-be retirees — know little about how the program works or how to get the most from the benefits they’ve earned.
October 20, 2021
Estate Administration
What Should I Know about Cryptocurrency and Estate Planning?
What Is Cryptocurrency? Why Has It Been So Popular?
October 15, 2021
Estate Administration
What’s a Pot Trust?
A pot trust is a type of trust that lists children as beneficiaries, with the trustee using his or her discretion as to how trust assets should be spent. If you have minor children, you might consider setting up a pot trust to meet their financial needs, if something should happen to you. This type of trust allows you to create a single pool of assets to be used for the benefit of multiple children.
October 14, 2021
Estate Administration
What’s an Enhanced Life Estate?
Your house might be your single most valuable financial asset. So you want to make sure you can give it to those you love when you die, without giving up the farm. That can be tricky.
October 13, 2021
Estate Planning
No Kids? What Happens to My Estate?
So, what happens to your estate if you don’t have a will nor any children?
October 12, 2021
Charitable Planning
Couple’s Charitable Remainder Trust Helps University Students
Minnesota State University, Mankato President Edward Inch announced today that Robert Larson of Leesburg, Florida, has donated $1.4 million to the University in honor of his late wife, Virginia Larson, a Minnesota State Mankato alumna, who taught elementary school for 12 years.
September 22, 2021
Asset Protection
How Do I Sell a Home in an Irrevocable Trust?
I’m a trustee selling a home in irrevocable trust for a parent who died. There are two beneficiaries who will get the sale proceeds with a stepped-up basis. I’m filing Form 1041 but do I still have to file a Form 1040 to report anything for the beneficiaries?
September 21, 2021
Estate Planning
Last Wills Part of a New Comedy Series Online
In her role as Philadelphia Register of Wills, Tracey Gordon has often heard people say they don’t want to discuss wills and estate planning with their relatives because they’ll think they’re out to get them, like it’s some elaborate and sinister plot torn straight from a Hollywood movie.
September 15, 2021
Estate Planning
What Should LGBTQ+ People Know about Estate Planning?
The conversation about being prepared for the passing of a partner can be difficult to have but navigating the issue can be more complicated for LGBTQ+ families.
September 3, 2021