Leaving an inheritance to your kids can be more complicated than expected – especially if you are unfamiliar with the current estate tax exemption.
The good thing about creating an estate plan is you determine how your assets are distributed to heirs ahead of time. When you pass away, the court has to transfer your cash, property and other personal belongings to the people or organizations you name in the estate.
Do you want to leave behind certain assets for a family member or close friend? Knowing the difference between a living trust and a will can help you make the right choice for your situation.
Being an executor of an estate is challenging. When your family takes you to court because of discrepancies with the estate, then you have an even greater burden on your hands.
When you think estate planning, you probably don’t envision a discussion over Thanksgiving turkey. However, the holidays are one of the best opportunities for families to open up about financial decisions, expectations, and what the future holds. Here are a few reasons why.
