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Some states do not acknowledge it at all, while others are more lenient in recognizing it. The Role of Witnesses in Proving a Common Law Marriage When it comes to proving a common law marriage evidence that demonstrates the couple has been living together and has had a committed relationship for some

With Biden winning the election, that means the expiration date may come sooner than anticipated. Capital Gains Taxes Since Biden’s win, some Americans have become worried about a possible increase in

Modernizing the estate planning process has been a long time coming, and COVID-19 has only further inspired E-signatures have been popular for some time, but they are only just now becoming widely accepted throughout The estate planning world has needed a modern approach for some time now, and as more and more technological

Managing a trust that provides instructions for asset distribution after someone’s death comes with several Some common issues that untrained trustees face include: Analysis Paralysis – Lacking experience with Some successor trustees even refuse the appointment once learning what it entails. Some benefits of using a corporate trustee like a trust company or law firm include: Specialized Expertise

trustee, whether an individual or an institution, shoulders the responsibility of making your trust come Here are some of the key benefits: Streamlined Inheritance: Trusts simplify the often complicated probate

In any family, some siblings can be successful, while other siblings may struggle. Some children may have supported you in your old age and others may be estranged from you. support during your life, but unequal distributions at death may create great difficulties if they come

content Including Digital Assets in Your Estate Plan Taking inventory of your digital assets may take some to the cloud, and ensure that your attorney and trusted person can easily access them when the time comes

Some types of intellectual property may have renewal or termination rights, which can create questions Similar to an executor being forced to sell a family vacation home to pay the estates taxes, a well-known It can give some flexibility to an estate with only a small amount of liquid assets.

Kiplinger’s recent article, “7 Savvy Retirement Steps for Generation X,” has some strategies to get you temptation to spend it all on things like fancy vacation trips, luxury cars, or over-the-top upscale homes Some of that is ok, because you’ve earned it. Housing is often your biggest expense, especially if you own your own home. Now is a perfect time to review your insurance, and in some instances, you might be able to cut some

Some retirees do just the opposite: rather than withdrawing too much, they don’t take out enough. Making withdrawals from retirement savings to pay for large home repairs like a new driveway, a new addition Not Thinking of Home Equity as a Source of Income. A reverse mortgage, which lets you tap your home’s equity, or a home equity line of credit can be useful You can draw on your home’s equity rather than cashing in losing stocks, allowing your portfolio time

of goes without saying that when you land at the altar for the second or third time, you need to do some Use your past experience to pinpoint some of the pitfalls because there are studies—believe it or not—that If you’re entering into a relationship, and you both have adult children, assets, and a home from a previous

With that in mind, here are some tips to start your family on firm financial ground before the bundle or private school, funding his or her college education, annual vacations or purchasing a vacation home