Search Results

, retirement beneficiaries, life insurance beneficiaries, and other assets are changed immediately, estate While most estate plans include clauses that cover events such as divorce, your estate plan will not Keep in mind that if you established an estate plan during marriage, chances are that with the marriage changing so is your estate plan. These are all things to consider when updating your estate plan post-divorce.

Time will tell which economists got it right, but it is important to take steps to protect your estate Of course, inflation is not limited to just the real estate market. The Impact on Estate Plans Many people create estate plans for the express purpose of providing for others While this might seem like plenty of cash to buy real estate now, inflation may continue to impact the The Financial and Estate Planning Advice You Need Inflation is on the rise.

* Seriously though, estate planning as a business owner is much more complicated than regular estate Below are four tips we urge business owners to take to heart as they begin the estate planning and succession ICE It Before getting into the weeds, or getting overwhelmed by the estate planning process, think about Nothing is sure but death and taxes Depending on how a business is owned and how much it is worth, estate Estate taxes can be as much as 50% or more of the total value of a business, and typically must be paid

With your spouse, you have drawn up a will and established trusts to organize your estate after your What happens to your estate plan now? Be Familiar with Existing Documents and Understand What Needs to Change The estate planning documents Include an Estate Planning Attorney on Your Team As You Navigate the Divorce Process This is perhaps An estate planning attorney, such as one of our experienced attorneys at Your Legacy Legal Care, can

Estate planning lawyers are in the business of helping their clients create the best financial strategy lifestyle you want takes some effort, which is why so many people make the choice to work with a Houston estate If you need some guidance and direction, talk to a reputable Houston estate planning attorney to turn Communicating with family – Once you have put together a plan with your Houston estate planning lawyer A Houston estate planning attorney can help you develop a strategy for getting back on track.

Its state estate tax exemption only goes up to $675,000. Also note that many states offer deductions against estate taxes that in some cases can prevent an estate Talk with a qualified estate planning attorney about a sound estate planning strategy to help you reduce or eliminate potential “state” estate tax liability. #estateplanning #EstateTax #TaxPlanning

Permanent or whole life insurance is typically more expensive than term and should be used for estate Reference : US News (April 11, 2016) “Pros and Cons of Whole Life Insurance” #estateplanning #LifeInsurance

Mistakes can easily be made during estate planning. Here are some important estate planning stories that may help you avoid conflicts in the future. Even now, his estate remains open. Florence died in 1998, but years of legal battles regarding her estate followed. Next Steps in Estate Planning Whether you are a celebrity or not, estate planning can be beneficial and

Earlier in the year, Senator Bernie Sanders proposed new legislation that could make waves in the estate The “For the 99.5 Percent Act” was introduced, increasing the odds of sweeping federal estate and gift The proposed changes would significantly reduce the current federal gift and estate tax exemptions. Proposed Changes In 2021, federal estate and gift tax exemptions are $11.7 million per person and $23.4 This may potentially subject assets owned by the grantor to the estate tax.

reviewed) your estate plan.  At Your Legacy Legal Care , we are available to help you plan your estate . Updating Your Estate Plan to Reflect Life Events In addition to updating your estate every three to five What Needs to be Updated in Your Estate Plan Your estate plan is made up of many parts and documents. We can’t wait to help you update your estate plan.

Medicaid planning is a crucial part of your estate planning strategy, and Your Legacy Legal Care is Medicaid planning refers to the estate planning strategies of structuring your assets and income to qualify for Medicaid benefits while protecting your estate from long-term care expenses. planning lawyer can help you create a plan to meet your long-term care needs while protecting your estate Doing so can ensure your assets are protected, and your estate is preserved for your loved ones.

Estate planning needs to change over your lifetime (believe it or not, it is not a “one and done” thing By the time you reach your eighties (or older), the majority of your estate planning may already be taken However, if you want to ensure all of your bases are covered, keep these estate planning tips as you change can warrant an update to your existing estate documents. Help for Maintaining Your Estate Plans Life changes fast, and often unexpectedly.