Thanks to the Tax Cuts and Jobs Act of 2017, the use of donor-advised funds is soaring. These arrangements make it possible for donors to enjoy tax deductions now, but make specific distribution decisions later.
Your REALTOR and estate planning attorney need to work together to sell a home after the owner has died. Seniors Real Estate Specialist Steve Rupp explains the challenges.
Conversations about end-of-life care should not wait until someone is dying, but should begin with people in their 60s..It includes documenting your wishes and ensuring control over your assets in case of incapacity or death.
20 years after her death at age 22, the estate of rhythm and blues singer Aaliyah Haughton was still tied up in disputes. Money and inheritances are common causes for conflicts in families, but estate planning can help maintain harmoney.
The publicity surrounding Britney Spears’ legal battle to take back control of her own financial affairs calls to attention the need for conservatorships and guardianship arrangements.
A letter of intent (LOI) can address many issues in both business and in more personal realms. Your LOI is a valuable piece in your estate planning, and although it is an informal letter, it can more fully represent your intentions after you die.
Grandparents who took out student loans to help children or grandchildren – or adults who borrowed to pay for education after being displaced during the recession are now faced with the possibility of dying with the loans still unpaid. Some loans will be discharged on death; for others, life insurance can fund the repayments.
When people, family members, become quite elderly or ill, they also become susceptible to manipulation from those who will defraud or steal. Often, family members do not find out about a change in estate plan until after their loved one has died. Most often, a manipulator will seek to keep last-minute changes of inheritance quiet.
It’s not easy being an estate executor. Learn what the duties are for this job – and how to make it easier for the executor of YOUr estate to do that job…
If there is a possibility that a loved one might need Medicaid assistance in the foreseeable future, that person should not be giving gifts. This can be sad if that person gets joy out of generosity. But gifts in that situation can turn out to be very, very expensive.
