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Giving the Gift of Legacy (Popularity:  )
http://www.donwestjr.com
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 ...
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Guide to the Probate Process (Popularity: )
http://www.probatelawyeraustin.com
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 ...
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How a Charitable Remainder Trust Avoids Capital Gains (Popularity: )
http://theestatepreservationadvisor.com
Charitable remainder trusts can increase your income, avoid capital gains taxes, lower or eliminate estate taxes, serve as another type of retirement plan, serve humanity and put a warm feeling in your heart. Here is an example that applies to anyone contemplating selling a highly appreciated asset.
In the Path of Progress
Clarence and Mildred had a farm that has been in the family since 1930. They raised corn and had a ...
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Independent Retirement Account - Defined, What Are The Options? (Popularity: )
http://www.ultratrust.com
There are typically two types of beneficiaries for an Independent Retirement Account (IRA). A beneficiary can be either a spouse or non-spouse, and each group has different options and benefits to receiving money from an inherited IRA.
INHERIT INDEPENDENT RETIREMENT ACCOUNT FROM SPOUSE
If you inherit an IRA from a spouse, you have the option of taking the IRA as your own and also making further contributions to the account. If you ...
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Joint Tenancy, a Will or a Trust? What's the Best Way to Plan Your Estate? (Popularity: )
estate plan for you if you don’t have your own,” is preferable to creating your own estate plan.
The problem is that newspapers, magazines, and other media often present conflicting views on whether it is best to choose joint tenancy, a will or a trust as your estate planning vehicle. Who’s telling the truth?
Let’s take a look at the three fundamental goals of an effective estate plan:
(1) Transferring your property to ...
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Jumbo IRA or Pension - 5 Major Income and Tax Advantages of an LAP Plan (Popularity: )
http://www.willsvstrusts.com
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 ...
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Offshore Bank Accounts Pros, Cons, Interest Benefits (Popularity: )
http://www.ultratrust.com
Opening an offshore bank account is a matter which should be discussed in detail with a financial advisor such as Estate Street Partners and possibly a lawyer, depending on your individual circumstances and reasons for wanting the account. There has been negative press involving owners of offshore accounts who abuse the bank services to launder money or commit other forms of fraud (tax evasion, hiding money for divorce purposes, etc).
CONS ...
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Powers Of Attorney Vs. Successor Trustees - Does One Have More Power Than The Other (Popularity: )
Question: I am listed as the Successor trustee, my bother is listed as the Durable Power of Attorney for property management of my father's estate. Does one have more power than the other. Does the POA have the power to sell my dad's property or do I the successor? Thanks ahead of time - really confused. N.H.
Answer: Dear N.H. - Generally speaking, you can have as much power under a ...
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Probate and Estate Sales (Popularity: )
http://www.global-investment-institute.com
“It's all about quality of life and finding a happy balance between work and friends and family.”
-Philip Green
Probate and estate sales usually occur when someone wealthy dies. Estate sales have to be conducted because the decedent did not leave a will and everything is in his name. If there is more then one person who can receive the inheritance then it must be shared.
Sharing can become a problem. Even if ...
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Second Marriages in Florida - How to Protect Your Estate Plan (Popularity: )
http://www.dean-law.com
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 ...
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