Even if the Republican-controlled Presidency and Congress eliminate the federal tax, the need for an estate plan is not eliminated, according to Forbes in "Five Reasons You Need a Will (Even If the Estate Tax Is Repealed)!"
Providing long distance care for an aging family member can be especially difficult during a pandemic. Below are a few tips to consider if you are in this situation:
It is likely that once you bring a child into this world you are going to be more concerned about them than you are about yourself which means you need a will as Nerdwallet explains in "Protect Your Family by Writing a Will."
Alternative dispute resolution (ADR) refers to legal remedies to settle disputes outside of court litigation. The most popular methods being mediation and arbitration.
If you are looking for ways to help younger generations afford a higher education while still focusing on your overall financial and estate planning goals, using a 529 college savings plan as part of your gift strategy may be a win-win.
Generally speaking, librarians don’t leave a lot of assets behind when they pass away yet they sometimes do as My Central Oregon reports in “Librarian Quietly Saved $4 Million, Left it to School Where He Worked.”
With a life estate deed , two or more people are granted an ownership interest in a property but for different periods of time. The life tenant possesses the property during his or her life but cannot easily sell or mortgage the property with only a life estate interest.
Part of comprehensive estate planning includes finding last minute tax saving strategies in the final quarter of 2020. One such strategy involves the changes that were made to the charitable giving rules under the 2020 Cares Act.
Holidays during normal times can be hard for seniors, but in 2020 the holiday season may be even more difficult for many. Holidays disrupt routines, may create the need for travel or may leave seniors distraught and lonely
