Estate Planning Forms and Tools
Before creating an estate plan, it is important that you are aware of the various estate planning forms and tools. Below we have highlighted some of these tools and forms. What is Estate Planning? Estate planning is the act of preparing for the transfer of an individual’s asset and wealth to designated beneficiaries after his […]
The Top Estate Planning Mistakes Divorcing Women Make
After obtaining the divorce certificate, the next important thing is to update/ revise your estate plans. Divorcing women are often times carried away by the current situation and end up postponing or abandoning their estate plans. This could prove costly on the long run. No doubt that you are emotional hurt at this time and […]
What my father’s death taught me about Estate Planning
What is Estate Planning We undastand now the term Estate Planning which simply means 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 […]
Use a Deed to Avoid Probate. Here’s How
Meaning of Probate Probate is the term for a legal process in which a will is reviewed to determine whether it is valid and authentic. Probate also refers to the general administering of a deceased person’s will or the estate of a deceased person without a will. Probate is a legal process that administers the […]
Bitcoin Should Be Part of Estate Planning
Bitcoin and other crypto currency often falls to out of to do plans. Most people haven’t even given a thought to what could happen to their bitcoin and altcoins if they die or something unplanned happens. Just like physical assets, your crypto assets should be protected and also ready to be passed to desired beneficiary […]
Why Create a Power of Attorney?
Estate planning is a plan that involves the creation of a few legal documents other than a will. These documents which helps enhance a typical estate plan that involves a will, are important. Some of these documents include a trust, beneficiary designation, letter of intent, power of attorney, health care directives, etc. For the sake […]
All you should know on implementing a Power of Attorney
Power of attorney (POA) is a legal document that gives an individual (the agent or attorney-in-fact) the rights to make decisions for another individual (principal). The attorney-in-fact may be given full authority or limited authority to make legal decisions regarding the principal’s assets, finances, or medical care. The POA is usually used when the principal […]
Estate Planning, Estate Tax Rate slated to change in 2021. AARP Bulletin.
Meaning of Estate Planning. Estate planning simply means 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. Estate Tax Rate The estate tax is a tax on a person’s assets after […]
Estate Planning Must When you or A or A Oved one has a Chronic Illness
What is Estate Planning Trust This is simply an estate planning tool used to transfer assets to your heirs, also known as beneficiaries, after your death. Once you have established an Estate Planning Trust, you can designate an individual or institution, known as a trustee, to manage the account for the benefit or your beneficiaries. […]
The SECURE Act Would Change Your Estate Planning
Preparation for retirement and Retirement plans Retirement is a beautiful thing. It is the time of your golden ages. This is the time for you to rest and enjoy all your hard work over the years. While still working, it is necessary to plan ahead for this time of your life. Retiring to an empty […]