Wills serves as legal directives regarding who will inherit your property after you die and are an essential component of a comprehensive estate plan. If you die without one (intestate), the state will distribute your assets and property via state…
ABA explains that probate is a legal process that gives legal recognition to a will, appoints the executor to administer the estate, and appoints the personal representative (executive) to distribute property. Navigating the probate process will vary according to state…
Most traditional estate planning elements no longer apply to digital assets. Crypto-assets may comprise significant individual wealth in the forms of cryptocurrencies like Bitcoin and noncurrency blockchain tokens. If you own any of these asset classes, addressing complex challenges to…
Individuals must assess their values and priorities, as well as their overall health, in the wake of the Coronavirus pandemic. The little COVID-19 clinical information relating to treatment options and likely outcomes based on personal health history should lead all…
As the federal estate tax exemption allowance appears in jeopardy of being lowered, you may need to reconsider how you plan to pass generational wealth to your heirs. Senate Democrats are proposing to lower the current estate tax exemption from…
In the case of a deceased loved one, their will states who will receive their property, and who will handle the estate settlement (called the executor). For many reasons, beneficiaries can feel slighted by what they did or didn’t receive,…
Since 2019, the percentage of Americans aged fifty-five and older who have created a will has decreased from sixty to forty-four percent, according to a 2021 survey by Caring.com and YouGov of 2,400 Americans. This decrease is as surprising a…