If getting wed for a second time, you need to take great care with your estate planning. Failing to do so could result in you leaving assets to the wrong people when you die. Update your estate plan anytime there is a significant life event When you end your first...
It is all too easy for people with significant and diverse assets to underestimate the value of their resources and the amount of planning necessary to preserve them for the next generation. Wealth preservation planning is complex, especially if you have an...
If your estate is worth $11.58 million or more, any dollar amount over that amount will be subject to federal estate tax of 40%. The threshold is likely to reduce in the future. If you are a high-asset couple, efficient estate planning could potentially save you...
When you achieve personal or professional success, you'll likely have a considerable amount of wealth. You'll know by now that to maintain and grow your wealth, it's vital that it's managed wisely. The more wealth you accumulate, the more time you'll need to invest in...
They say that the only things we can count on are death and taxes. For some people, the former leads to the latter -- if they don't plan ahead properly. Estate taxes, also known as "death taxes," are controversial, but they are not an issue for most estates. For the...
There is no doubt that estate planning can bring up some negative feelings. Some people don’t want to think about their eventual deaths or what will happen in their futures. It makes sense, but at the same time, having the right estate plan in place can help protect...
Creating an estate plan is a crucial part of planning for your future. However, the initial process of creating one is not the only important aspect of estate planning. Many people do not realize that they need to review and update their estate plan periodically in...
Receiving a sizable inheritance is often the result of a loved one taking the effort to create a comprehensive estate plan to protect their assets and allocate them to others after they die. If you have received a significant amount of money or physical assets, like...
As you plan for your estate and what will happen if you’re badly injured or pass away, something you have to consider is the financial implications of the situation. It’s important that you prepare for the potential taxation of the estate and set up beneficiary...
Planning an estate is often something people have to do multiple times during their lives. The circumstances you had when you were a young professional may be very different from those when you're getting ready to retire. As you age, you will likely acquire more...
