If you wish to maintain control during your lifetime over the assets you place in a trust, you may choose to establish a revocable, or “living” trust – most likely, along with a pour over will.
Powers of attorney that only allow an agent to do certain things are commonly referred to as a limited power of attorney.
While financial planning has been at the top of many Americans’ minds, a vast majority of people have stalled in creating an estate plan.
If you are preparing a will, it is important to choose an executor you can trust, who is reliable, and who will take their role seriously.
Choosing an executor is a big decision when it comes to estate planning. Here are three common questions about executors.
When you assume the role of surrogate decision-maker, it is crucial to understand the patient’s wishes and values.
A crucial, yet often overlooked, component of estate planning is reviewing assets, such as 401(k)s, pensions, and savings accounts, and ensuring you have listed a beneficiary for each of these.
Wills contain important information about who receives money, possessions, and property upon a person’s death. Who can view this information, and is it a public record?
Estate planning entails preparing your affairs for the future. While older adults might give more thought to estate planning, it is an essential tool at any age.
Although inflation is generally nothing to be pleased about, the IRS recently announced inflation-adjusted changes to the annual gift tax annual and estate tax exclusions for 2023. If you are considering wealth transfer tax planning, these are welcome increases. Gift Tax Annual Exclusion Effective January 1, 2023, the gift tax annual exclusion will increase from $16,000 (2022 number) to $17,000 …
