There is a legal process that enters the picture when you record your final wishes in a simple will. You name an executor to act as the administrator, and the will is admitted to probate after your passing. The probate court will supervise while the estate is being administered. Final debts are … [Read more...] about Is Every Inheritance Subject to Probate?
Estate Tax Exclusion Will Rise Significantly in 2023
Estate tax exclusion may seem like a complicated term, but we break it all down for you in this post. If you have questions about the estate tax exclusion, you can feel free to reach out to our caring team at Montgomery Law Firm, LLC to learn more and see how we can tailor a plan for your specific … [Read more...] about Estate Tax Exclusion Will Rise Significantly in 2023
What Documents Are In a Complete Estate Plan?
A lot of people equate estate planning to the simple act of creating a will. They think that there is nothing else to do, but in fact, this is a misguided notion on multiple levels. Asset Transfer Vehicles The first thing that you should understand is the simple fact that a will is not always the … [Read more...] about What Documents Are In a Complete Estate Plan?
Can Medicaid Seize Your Home For Nursing Care?
Can Medicaid seize your home if you need nursing home care? It's a common question that we hear often. Our estate planning attorney, Hunter Montgomery, is happy to listen to your specific situation and help you craft an estate plan that takes your finances, property, and You may hear people … [Read more...] about Can Medicaid Seize Your Home For Nursing Care?
Don’t Make These Common Estate Planning Errors
When you hear about the mistakes that others have made, you get a heads up that will help you avoid the same errors. With this in mind, we are going to look at four common estate planning mistakes in this post. DIY Estate Planning You can buy downloads and worksheets from websites that sell legal … [Read more...] about Don’t Make These Common Estate Planning Errors
Will My Heirs Pay Capital Gains Taxes?
You should understand the taxation factors when you are planning your estate and let your family know what they can expect. We are going to look at the capital gains tax as it applies to inheritances here, and we will go on to provide a broader overview. Step-Up in Basis If you are in possession … [Read more...] about Will My Heirs Pay Capital Gains Taxes?
