The cost of long-term care is very expensive. Nursing home in NYC have an average cost of approximately $13,000 per month. While $13,000 seems like
A power of attorney is a very powerful document by which you appoint an individual to make decisions on your behalf when you become unable
Give away your assets as gift Here is another way to reduce death tax. However, this method is for those who are comfortable with giving
Estate planning for distribution of assets The fundamental reason why people carry out estate planning is to distribute their assets. Through proper estate planning, you
While there seem to be several online resources that can easily prepare a fast estate plan and provide relevant documentation, the question however comes in
It’s always painful to lose a parent. You can find yourself struggling to make funeral plans, or figure out what to do with all their
What is Joint tenancy? In a joint tenancy ownership, at least two people own a common property with both having equal rights to the property.
What is Estate tax exemption? When a person dies leaving valuable estate, the estate may be charged a tax known as estate tax. Notably, not
What is generation-skipping Transfer? There is generation skipping when an individual transfers assets by gift or inheritance to a beneficiary who is at least 37.5
Over the years, estate planning has turned out as one of the most important plans one can make while alive. Thanks to this plan, several
