
Estate Planning for Singles: Widowed, Divorced, and Never Married!
If you haven’t married, or you are divorced and widowed then you might think that estate planning isn’t your cup of tea but it is.
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If you haven’t married, or you are divorced and widowed then you might think that estate planning isn’t your cup of tea but it is.
An Estate of a person includes everything he owns. From one’s home to vehicles, bank accounts, insurance, financial investments, properties, and other personal belongings. So,
Do you want to safeguard your estate and your loved ones? Do you want to avoid a drawn-out probate process? Then you will want to
For most families, the need for life insurance is the most significant concern in life. Young children face the financial burden of supporting their families,
Most people are aware of the need to use a will to leave property to their loved ones after death. You may believe that having
Government gift tax Almost anything you own can be given as a gift. In addition, the IRS permits you to donate up to a specified
Although the beneficiary designation is a crucial step in estate planning, it is handled separately from your actual estate plan. Additionally, if the provisions in
The legal procedure that follows a decedent’s death is referred to as probate. It establishes the distribution of the decedent’s estate. However, the probate inventory
It is certainly very hard to contemplate your very mortality and we completely understand it. But then there are some people who ensure that their
Myth No. 1: Probate Is ALWAYS Required for a Will. No, not all wills require a probate process. There are several exceptions to what must
Probate Probation is the legal procedure through which the assets of a deceased are reviewed. A probate lawyer carries it. Also, the inheritors of the
Who is a Probate Lawyer? After someone passes away, their will, assets, and possessions must go through the legal procedure known as probate. The specialist
You should think carefully about who will get your assets or the payment from your life insurance policy, as beneficiary designations cannot change or be
In a trust, one person (“trustee”) holds assets on behalf of another person (“beneficiary”). Generally speaking, beliefs have unique special rules established by a written
Estate planning The concept of estate planning refers to ensuring that the people and organizations you wish to leave your estate to do so in
Trusts are legal entities that will assume ownership of or own some assets after a specific triggering event. A trust involves information on how investments
Estate planning is essential to everyone. We all have to think about what will happen when we die. It is necessary to decide who will
Introduction The profound sense of loss of the loved one can be overwhelming. Therefore, when a family member dies, it is advisable to step back
Early estate planning is a proactive step one has to take. The step is to lessen the burden the loved ones will experience when handling
Introduction The Discovery of new assets during or after the entire probate process can have a great impact on the estate’s tax liability. It also
What is Estate planning? Estate planning is deciding who will get your assets, estate, and personal belongings upon death. This includes planning how much of
Probate is the judicial process whereby there is proof of a will in a court of law. One accepts a will as a valid public
Estate planning is deciding who will get your assets, estate, and personal belongings upon your death. This includes planning how much of your assets or
Probate, if required, starts as soon as a loved one passes away. If the deceased had a will, the estate must go through probate, which
What is Estate planning? A person’s estate refers to all the property or assets owned by a person. These include real estate, cash, investments, vehicles,
Introduction Imagine leaving all your wealth and money to your child or spouse and the creditors coming in and taking everything and leaving them nothing.
You know it’s time to start working on your property plan. But you don’t know what essential elements to include in it. Understanding the key
After getting married one of the most important legal decisions that a couple takes is of estate planning. Estate planning is a way of ensuring
A probate lawyer or an estate administration attorney usually helps in wrapping up the estate of that person who has lost his life. You’ll get
Probate is the judicial process whereby a will is “proved” in a court of law and accepted as a valid public document that is the