A charitable trust allows you to donate assets to a chosen tax-exempt charitable organization or nonprofit and comes with certain tax benefits to help you minimize what you might owe to the government.
Legacy and Estate Planning
Estate planning is not a requirement. No one can force you to make your will, create a power of attorney or to own your property in a way to avoid probate. As a result, people too often let common estate planning excuses stand in their way.
If you do not plan appropriately and thoughtfully, problems may arise with respect to this property and your family when you are gone.
Adult children typically don’t have to pay their parents’ bills. However, there are exceptions. Even when a child doesn’t have to pay directly, debt could reduce what they inherit.
In terms of federal tax law changes, the last year had much ado but little change.
You have many options to make sure your wishes are followed after you die.
Seeking a guardianship for a loved one is a decision that shouldn’t be taken lightly. Here’s how the process works.
Estate planning is a term generally applied to the steps taken to create a roadmap for a person’s assets when they die or become incapacitated.
Seeking a guardianship for a loved one is a decision that shouldn’t be taken lightly. Here’s how the process works.
It’s generally recommended that you review your will and other end-of-life documents at least every few years, although there can be reasons to do a checkup more often.