If you are going to be making an inheritance planning decision that will surprise and upset someone that will be expecting a bequest, you should anticipate a possible estate contest. In this post, we will look at five steps you can take to make a challenge less likely. Take action right away. Surveys that are conducted find that most American adults do not have any estate planning documents in place. The majority of them intend to take care of it at some point, but in far too many cases, they … [Read more...] about Five Steps to Take to Prevent an Estate Contest
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Medicaid Planning: No One Is Immune
There is a psychological barrier that you have to cross at some point if you are going to preserve your legacy for the benefit of your loved ones. We are conditioned to be self-sufficient, and anything less, that this is considered to be unacceptable. If you have surgery or break a bone, you probably downplay it and tell everyone that you will be back on your feet as soon as possible. This type of can-do attitude can be beneficial on the one hand, but on the other hand, it can get in the … [Read more...] about Medicaid Planning: No One Is Immune
Use It Before It’s Gone
The amount you can pass free from estate tax is at a record high of $11.7 million per person. There’s legislation which would lower the exclusion to $3.5 million per person. Married people can take advantage of the current exemption. Read on to learn more. … [Read more...] about Use It Before It’s Gone
Answer These Inheritance Planning Questions
Caring.com conducted a survey recently, and they discovered that the vast majority of adults do not have estate plans in place. A significant percentage of the unprepared respondents thought it was important, but they were frozen with inaction because they didn’t know where to begin. If you fit into this category, answer these four simple questions and your estate plan will start to take shape. When you know what you want to accomplish, you can work with us to develop a plan that is custom … [Read more...] about Answer These Inheritance Planning Questions
Make No Assumptions About Estate Administration
A lot of people adopt a narrow view when it comes to the estate planning process. They know that they have to express their final wishes with regard to the way they want their assets to be distributed, but they do not see a broader picture. These folks just assume that everything will take care of itself, but in fact, estate administration is not necessarily a turnkey operation. The Legal Process of Probate If you use a simple will as the centerpiece of your estate plan, you can name an … [Read more...] about Make No Assumptions About Estate Administration
