- Estate Planning320
- How To Start Estate Planning225
- Land Owners20
- Power Of Attorney6
- Missouri Farms8
If you pass away without a will, a state court generally decides who gets your assets and, if you have children, who will care for them.
Done right by a lawyer, your heirs can avoid the expense and time of probating your will and may save on estate taxes, while easing the administration of your affairs while alive and after you have gone.
Everyone, regardless of financial status or age, can benefit from having an estate plan—assuming you have assets to leave and people to leave them to.
No one wants a nursing home but the longer we live, the higher the chance we may need a nursing home at the end of life.
Depending on your family situation and the value of your estate, forming a trust can be an important addition to your farm transition plan.
If you don’t also fund it, unexpected things can happen and some of those things may not reflect the intent to the grantor.
When making a will and testament, it’s important to follow the rules in your state to ensure the will is valid. One of those rules centers on the requirements for witnesses.
Usually when asked to be the executor of a family member’s estate, the person feels honored and trusted. It’s a big responsibility, since the executor will be tasked with carrying out a loved one’s final wishes.
Given the expectation the Biden administration will roll back some of Trump’s favorable policies of the past four years, tax consultants and accountants are already hard at work. But for HNW women, dealing with election fallout is minor, compared to the bigger fish they have been frying in the tax pan for decades.
What happens to all your digital accounts, services and property after you die? The official name for all these is a Digital Estate Plan. With the lines increasingly blurred between our on-and off-line lives, it’s more important than ever to have a plan for your digital holdings.