As you get older, you may realize that it’s important to start working on your estate plan. There seems to be a misunderstanding among many people, though, that a will is all you need. A will is not equal to an estate plan. An estate plan does, however, include a...
Many adults have not yet created an estate plan or even a basic will. Often, these adults claim they have reasons for putting off planning for their own deaths. One of the most common is an assumption that their property will pass to others when they die whether they...
For many people, the main beneficiaries of their estate plans will be spouses and children. For others, their grandchildren may be the ones to whom they would like to leave property when they die. You may not fully understand probate laws, which might make you think...
How an Estate Plan will prepare you and your family for the future March 20, 2021 marked the official start to the Spring season. For many, the arrival of warmer weather and longer days signals a time to tidy up your home and surroundings. This year, as you sweep away the dust bunnies, you may want to consider engaging in…
How an Estate Plan will prepare you and your family for the future As summer is quickly coming to an end, families are busy preparing for the start of the new school year and settling into their new routines. Although your estate plan may be the last thing on your mind, the beginning of a new school year is actually…
Estate Planning and COVID-19 How an Estate Plan will prepare you for the future and protect your assets As the coronavirus (COVID-19) crisis is rapidly evolving in the United States, we are seeing the devastating impact of the outbreak on the healthcare system, the volatility of the financial markets on the economy, and the well-being of each of us as…
download this article in Word format 1.) Estate tax currently affects decedent’s estates that exceed a value of $675,000. 2.) The new law ultimately phases out the tax by the year 2010. The exemption amounts are as follows: Calendar Year Exemption Tax Rate 2002 $1.0 million 50% 2003 1.0 million 49% 2004 1.5 million 48% 2005 1.5 million 47%…