Going to the Dogs: What to Know About Putting Your Pets in Your Estate Plan
While it may seem odd, leaving your estate to your pet is not as uncommon as you might think. This article addresses some of the more common concerns regarding this trend. Since 2008, 29 states have adopted pet trust laws and all 50 states have general guidelines in place. While you cannot leave your […]
Around the Web: New Plan for Inherited Real Estate Could Impact Many
President Biden has unveiled a new plan that involves increasing taxes on inherited properties in order to help fund the American Families Plan. This CNBC article delves into the possible outcomes of this new plan, explaining that financial experts suggest the new plan may impact more families than just the more affluent ones. We’ve broken […]
Around the Web: Preparing Estates After New Tax Proposal
In a recent article published by Kiplinger, the article stresses the importance of wealthy individuals acting quickly to prepare their estates after details of Bernie Sanders’s Estate Tax Proposal. After Sanders’s Estate Tax Proposal, a bill known as the “For the 99.5% Act,” among other proposed changes to estate and gift tax policies, anyone with […]
Around the Web: Estate Planning and Home Ownership After a Death
In a recent article written by nwitimes.com, this question was asked in regard to estate planning. “My father passed away recently, how do we remove his name from the title to the home? Can we record a death certificate or have mom sign a new deed?” This is a normal estate planning question, and the […]
Around the Web: A New Administration Could Mean New Changes to Your Estate Plan
With Democrats taking control of both houses of Congress and President Biden’s new administration in the White House, many folks may be concerned about their estate plans and changes that may come with a new tax reform. This Forbes article suggests that while there is a possibility that tax reform could pass later on in […]
Around the Web: Start Your Year Off Right with an Estate Plan
2020 was a very unusual year, and if it taught us anything it is that we should always be prepared for the worst. The best way to start the new year off right is by resolving to create an estate plan! It may sound grim, but it truly is a great way to gain peace […]
Around the Web: Estate Plans and Elections – How Are You Affected?
With the election coming up, it may be a good time to review and work to implement any changes necessary to your estate plan. This article by The National Law Review suggests that while no major changes would take place if Republicans are in control of the White House, Senate, or House of Representative. However, […]
Around the Web: Planning Your Estate in a Pandemic
Planning your estate is essential in normal circumstances. Add in the uncertainty and risk that come along with a pandemic, and it really is a wise move to have your affairs in order. This article highlights that the suggestion of planning your estate now isn’t just based on the issues of morbidity, as many survive […]
AROUND THE WEB: Avoid creating family friction with your estate plan
Losing a parent is often one of the most difficult times a family can face. Many times, it can result in friction between siblings. There are simple ways to help avoid this, however, such as deciding early how property should be sold or maintained. This article elaborates on specific steps you can take now to […]
Around the Web: Personal Information May Still be a Risk After Data Breach
If you think you are safe from data breaches and identity theft because you froze your Equifax credit account, you may be sorely mistaken. Due to a security flaw, identity thieves may be able to easily hijack your phone and utility accounts. According to this article, the National Consumer Telecom and Utilities Exchange, an association […]