Our Estate Planning Blog
Inheriting a timeshare often comes with financial burdens, ongoing fees and legal complications that heirs may not anticipate.
While the focus tends to be on the growth of the asset class and opportunities to prosper, for many cryptocurrency investors, more attention must be paid to transferring assets to loved ones and protecting the store of wealth from unfounded and frivolous lawsuits.
If these things get overlooked, you risk leaving your loved ones with extra challenges during what’s already a tough time.
Money matters can get complicated when two families unite. Planning is key.
Beneficiaries, in general, are people or entities that the holder of an account designates to receive the assets in the account, typically, in the event of the account holder’s death.
Are you worried about what might happen to your accounts and investments if you become disabled or incapacitated?
Digital assets are now a major cause of problems in settling and distributing estates. You must carefully consider and incorporate your digital life into the estate plan.
Unfortunately, death doesn’t just happen to other people. We should all get our affairs in order, so that our loved ones can focus on grieving and moving on once we pass.
How does step-up basis impact capital gains tax impact an inheritance?
Many states have moved away from taxing assets after people die because of the harm to family businesses and farms. However, a new proposal before state lawmakers would double Illinois’ estate tax.
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