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             15 April, 2024


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Who Should Be an Executor - Top Tips For Choosing the Right People (Popularity: )
Being an Executor in a Will is an important role with quite a bit of responsibility. When you are writing your Will the choice you make on who will be your executors will have an impact much later on when unfortunately you will not be around. Your Executors will be carrying out your wishes as you have stipulated in your Will. They have no say in who gets what (unless ...

Second Marriages in Florida - How to Protect Your Estate Plan (Popularity: )
Second marriages in Florida create a number of issues that, if not properly addressed, could make a shambles of your estate plan. It is very common for a widow or widower to remarry. Most of these persons still plan to leave their estate to their children from the first marriage. Their trusts and wills distribute all of their assets to the children, so they see no need to change their estate ...

Guide to the Probate Process (Popularity: )
The legal process by which the state oversees the distribution of the estate to heirs and confirms all debts paid is known as probate. Probate will occur whether or not the deceased has a will. Probate can be best though of as a collection of rules which guides the transfer of an estate. The first step of probate is the swearing in of a personal representative. The person also known as ...

The High Cost of Probate - Finding Cash to Pay the Bills (Popularity: )
Dealing with the death of a loved one is extremely hard and to make matters worse, when it comes to probate it can get even harder. For the loved ones left behind, sometimes the cost of probate can become overwhelming and in many cases, unaffordable. Even when an inheritance is expected, it could be many months, even years before the inheritance is actually received. What is even more unfortunate is ...

Giving the Gift of Legacy (Popularity: )
Have you ever stopped to wonder what gift your children or grandchildren would most value from you long after you are gone? The answer may be simply your story. Nothing could be more priceless to a child than to read and reflect on words of a loved one, drafted to transmit a three-dimensional perspective in a two-dimensional note. Not everyone can pass along a financial legacy, but everybody can transmit ...

The Practical Workings of Trust Funds (Popularity: )
You've heard about people using trust funds for everything from handling their affairs while they travel to providing for orderly distributions to heirs when they pass away. So, just how do these funds work? Parents often wonder how to provide for their children when they grow older, and one of the best ways to do so is to set up a trust fund. A trust is a logical step for those ...

Asset Protection Iron Triangle (Popularity: )
Asset protection is not just for the wealthy any longer. When a middle class home can easily run a half million dollars in Florida, and over a million in New York or California, anyone can become a target of lawsuits, divorce courts, and the IRS. You have to dig a well before you are thirsty, or in this case, build a legal fortress before invading barbarians reach your gate. Your tools to ...

The Wealth Effect - Inheritance Myths (Popularity: )
The Inheritance Windfall an Urban Legend Economists, financial advisors, even government tax collectors all agree, the greatest generation were a pack of savers. As they pass away over the next 5-20 years will leave behind Trillions of dollars in wealth. Estimate figures range from 1 to 14 Trillion, I have just assumed Trillion(s). Will they leave their hard saved fortunes to their free spending Baby Boom kids? Or will they endow ...

Enduring Power of Attorney Being Phased Out Last Month to Act (Popularity: )
In the UK the new mental capacity act is due to come into force on the first Monday in April 2007. The Act governs decision-making on behalf of adults who lack mental capacity, both where they lose capacity at some point in their lives, and where the incapacitating condition has been present since birth. This act covers all decisions, including personal welfare and financial matters, and covers decision-making on their behalf by ...

Jumbo IRA or Pension - 5 Major Income and Tax Advantages of an LAP Plan (Popularity: )
Do you have a jumbo IRA or pension plan? In the next 2 minutes you will learn how to increase your spendable income while you live and keep it from being taxed as much as 75% after you die! Just think, you can reduce the estate tax by using an LAP to remove this large asset from the value of your estate, provide the funds to pay any taxes due and ...