If you are getting a divorce from your spouse, you have a lot of planning to do. You will need to name your own beneficiaries, organize your divided assets, and set up your individual estate.
What Are Living Trust Scams
If you are considering a living trust, be careful. There are scam artists everywhere.
Probate Auctions On E-bay
Whenever a person dies and leaves behind debt creditors, the administrator or executor of that persons estate faces certain challenges in quickly selling real and personal property in order to satisfy creditors. The probate process is long and drawn out, and every shortcut available should be sought in order to shorten the amount of time that property is tied up in the process. Recently, with the great success of E-bay, people have discovered a quick and efficient way to unl…
What To Do When Someone Dies: Tips On Organising A Funeral
Dealing with bereavement is often difficult. Here are eight aspects you need to consider when planning a funeral.
An Easy Way Out: Eight Reasons Why You Should Pre-Plan Your Funeral
Take the hassle out of funeral planning by doing it in advance. Here are eight reasons why you should have a pre-paid funeral plan.
Will the Estate Tax Ever Go Away?
The Estate Tax is the tax that the government puts on the assets that are transferred to your beneficiaries when you die. It does not look like the estate tax will permanently go away. However, with careful planning, you can reduce taxes substantially.
The Basics Of Estate Planning
Estate Planning may be a word that is encountered by many citizens especially the elderly. What is Estate Planning? What benefits does it provide to people?
Estate Planning is a method of arranging and considering alternatives that will satisfy specific wishes and goals to prepare for things that may happen to a person and the people he finds special to him.
Estate Planning includes organizing properties and not just putting them in a simple Will. It also lessens the ta…
Real Estate Owners Should Plan Now Before Tax Breaks Expire
Owners of real estate need to plan ahead to take advantage of recently enacted tax breaks that are scheduled to sunset at some point between now and December 31, 2010.
Putting your estate in order
Put Your Estate in Order For business owners, an effective estate plan addresses a number of concerns over and above the desire to care for surviving family members. Control over who will run the business, conservation of the owner’s assets in the face of legal expenses and taxes, and the liquidity to pay estate taxes due shortly after death are just some of the most pressing issues.
For the sake of their heirs, business owners should plan for the orderly transfer of their wealth including their business interests well in advance.
Prepare for Estate Taxes
Depending on the value of business and personal assets at the time of death, the law may require that estate taxes be paid on the value of the business. If there is not enough cash on hand, heirs may have no choice but to sell the business prematurely or for less than the real value.
Some business owners use an irrevocable life insurance trust to purchase policies on their life, collect any death benefits, and distribute the money according to prearranged terms. The proceeds can be used to pay any estate taxes due, so heirs are not forced to sell a business, property, or other assets they would prefer to keep in t
Estate Planning
Estate planning involves distributing your assets after death to such people or causes according to your wish with minimum legal complications and the least tax incidence. And estate planning is not just for the wealthy; nor is it something to be contemplated when you reach the ripe old age of eighty.
Using Life Insurance Wisely
Every family should have a life insurance policy on at least one of the financial providers. A policy should always be in place in case one of the primary breadwinners passes away so that the family will be able to support itself if no other source of income is available after the breadwinner dies.
Is Your Special Needs Child Included in Your Estate Plan?
You have undoubtedly made provisions for how your beneficiaries or guardians will handle your finances in the event of your death or disability. Youve appointed a guardian for your young children and youve outlined instructions for how to handle your childs education, finances and other expenses. Sure, you have a plan in place to provide for your child but have you thought about special provisions for your Special Needs Child?