Why Should I Name a Beneficiary?

Why should I name a beneficiary

Lewis established an irrevocable trust, in which he named ‘his son’s spouse’ as a beneficiary. At the time Clark, the son, was married to Vivian.

When Should a Trust Be Reviewed?

When should a trust be reviewed

Many people are under the impression that since they have a trust, they don’t need to do anything else. That’s not true. The trust you created years ago may not be appropriate for you now.

Do Gifts Count Toward Estate Taxes?

Do gifts count toward estate taxes

A recipient of a gift does not pay income taxes on the gift. However, the gift-giver may pay gift taxes, unless one of two exemptions applies.

Why Is an Estate Plan Important?

why is an estate plan important?

While no one wants to think about his or her own death, planning for the inevitable is an important part of protecting your assets and those you love.

Who Pays Mortgage When I Pass Away?

who pays the mortgage when you die

One important aspect of estate planning is deciding what will happen to your home after you die. The answer might be fairly cut and dry if the home is fully paid for. If it’s not, though, you’ll need to consider the financial ramifications for your estate and for the person who inherits the home.

Before They’re Gone—Estate Planning Strategies

Estate planning strategies

If you have not already been inundated with invitations to webinars, articles and newsletters regarding the estate planning you should consider doing before new legislation passes, you undoubtedly will receive these over the next few months.

What are Some Sure Signs of Dementia?

Dementia signs

It can be scary, to not trust your own mind. That is the betrayal sufferers of dementia feel every day—and there are many of them. “Of those at least 65 years of age, there” are “projected to be nearly 14 million by 2060,” says the CDC.