Misinformation about some aspects of the estate planning process tend to circulate, and people that buy into these notions sometimes make costly mistakes. With this in mind, we will shed light on some of these myths in this blog post. You can plan your own estate effectively using a download that … [Read more...] about These Estate Planning Myths Lead to Bad Decisions
Don’t Look Past These Estate Planning Details
A lot of people assume that they can put their estate planning responsibilities behind them if they take the time to draw up a simple will. This is certainly better than nothing, but there are some other details that should be taken into consideration, and we will look at a few of them … [Read more...] about Don’t Look Past These Estate Planning Details
Self- Service Estate Planning Can Yield Negative Outcomes
Far too many people think that it is easy to execute a legally binding document using tools that you can get online. In fairness, a layperson can create a document that would stand up in court using DIY tools, but the this may not be a good thing. Power of Attorney Dispute Sometimes you come … [Read more...] about Self- Service Estate Planning Can Yield Negative Outcomes
What Are the Rules for Inherited IRAs?
Your individual retirement account will provide a nest egg that you can draw from after you put your working years behind you. If there is something left in the account after your passing, it will be transferred to a beneficiary that you designate. There are rules with regard to individual … [Read more...] about What Are the Rules for Inherited IRAs?
What Is the Gift Tax Exclusion in 2022?
In this post, we are going to look at an important gift tax detail. However, to be able to understand the implications, you have to absorb some background information about federal transfer taxes. Estate Tax Parameters Most families do not have to be concerned about the federal estate tax, because … [Read more...] about What Is the Gift Tax Exclusion in 2022?
How Can You Leave an Inheritance to a Minor?
Most younger adults do not have estate plans in place, and many of them are the parents of minor children. Some people are simply remiss, but there are those that are unprepared because they don’t know how they would leave an inheritance to a child that cannot handle money. In this post, we will … [Read more...] about How Can You Leave an Inheritance to a Minor?
