Rest in Wealth: The Ins and Outs of Estate Planning
Everyone owns an estate even if you find it hard to believe. An estate comprises of all that you own; that is, all your assets. Your asset could be your car, home, furniture, stocks, investments, personal possessions, etc. Irrespective of how extensive or little it is, we all own assets that we will definitely leave […]
Estate Planning. 6 big mistakes that can cost you
What is Estate Planning? Estate planning is the process of anticipating and arranging, during a person’s life, for the management and disposal of that person’s estate during the person’s life, in the event the person becomes incapacitated and after death. The most basic step in estate planning involves writing a Will. Other major estate planning […]
Estate Planning: When There Isn’t a Will… What is the Way?
Will and last testament A will is a legal document which entails how a testator designates his estate among his heirs. Often, people confuse a will with an estate plan but, they are different. While a will is a part of an estate plan, an estate plan has a wider coverage of plans concerning the […]
Millennials and Estate Planning
Who is Millennian Millennials, also known as the Net Generation (generation Y), are the demographic cohort that directly follows Generation X. The History of America’s Future are often credited with coining the term. Characteristics of Millennials There is a great deal of variation from one individual to another within any generational cohort. Nevertheless, the particular […]
Find the Best Estate Planning Lawyer near you
What is Estate Planning This is simply the process of arranging for an orderly transfer of your assets to the people you want to receive them, it involves identifying who you want to give your assets to and when, either in your life time or at death; but sometimes done after death). Most often than […]
What are the Four Positive Outcomes of Estate Planning?
Estate Planning Estate planning involves developing a strategy to deal with your assets and investments after you die. It aims to provide peace of mind for you and your loved ones, ensuring that your assets are passed on to your beneficiaries in the most simple and effective way. One of the hardest times for any […]
If you’re a New Parent, Take These 4 Estate Planning Steps
Becoming a parent comes with a great deal of responsibilities. Most people are only concerned with plans for their child’s day to day wellbeing not realizing how vital it is to plan your estate as it goes a long way in securing your child’s future. Your estate plan might just be what will save your […]
Everything Baby Boomers Need to know about Estate Planning
What is a Baby Boomer Baby boomer is a term used to describe a person who was born between 1946 and 1964. The baby boomer generation makes up a substantial portion of the world’s population, especially in developed nations. It represents 21.19% of the population of the United States of America, as of 2019 figures. […]
Estate Planning for Canadians
Canadians taxation and estate planning If you have assets which will be sold at your demise, you are liable to pay the deemed disposition tax. When a person dies, the CRA considers that the person has disposed of all capital property right before death. The CRA calls this a deemed disposition. If your assets are […]
Do I Need An Attorney For Estate Planning?
Do you need a Doctor for performing that surgery? It’s as simple as that. There is no better result from a thing like when it is being done by a professional. You might have the mind to do it yourself but trust me there are little things that will be wrong but you wouldn’t notice. […]