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May 4, 2014

What will happen to your business when you’re gone?

Your estate plan, no matter how complex, can be implemented any time before you die, as long as you are still legally competent. It’s probably a good idea to begin planning sooner rather than later, since you may not receive advance warning of your impending death. If you own a...
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What is estate planning?

Believe it or not, you have an estate. In fact, nearly everyone does. Your estate is comprised of everything you own; your car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, personal possessions. No matter how large or how small,...
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WHAT CAN A LIVING TRUST DO FOR ME?

A living trust will avoid probate for all assets that have been transferred to the trust.   Legal fees for probating an estate are usually much higher than the fees for administering a trust. Probates can also take a year or longer to complete, but a trust administration usually...
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WHAT HAPPENS IF I DIE WITHOUT A WILL OR TRUST?

Dying without a will or trust is called dying “intestate;” and, the intestacy laws of your state of residence, at your death, will determine who inherits from you and in what percentages. If you die with a well constructed and comprehensive will or trust plan, you get to decide...
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NOTICE: ESTATE TAX EXEMTION CHANGE!

Estate tax is a tax imposed on the right to transfer property by inheritance and is assessed on the net value of a decedent’s estate before distribution to the heirs. 2013 brings changes to estate tax, making it more important than ever to engage in estate planning strategies...
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