How to File Tax Return When Mom Passes Away
February 21, 2022
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No one likes doing taxes, but the task is even more daunting when filing a return for someone who has died.
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What are the Biggest Tax Mistakes in Wealth Transfer?
February 18, 2022
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We are approaching the biggest wealth transfer ever, as Baby Boomers prepare to hand off their life savings to their heirs. However, will their heirs actually get the full amount of the wealth intended for them…or will a large amount be lost to unnecessary taxes?
What are Common Mistakes People Make with Living Trusts?
February 16, 2022
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Of course, just because you have a living trust doesn’t mean you are all set. Here are a few of the most common mistakes people make with their living trusts.
What Legal Terms in Estate Planning do Non-Lawyers Need to Know?
February 14, 2022
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For most people, entering the realm of estate planning can feel a bit like traveling as a tourist into another culture. Because the language itself is unfamiliar, asking a question can result in an answer that is equally confusing.
What Is the HEMS Standard?
February 11, 2022
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The ‘HEMS’ (health, education, maintenance, support) standard in estate planning is used to guide trustees in how/when they should release funds to a beneficiary.
What’s the Difference between Probate Assets and Non-Probate Assets?
February 9, 2022
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Non-probate assets are those assets which do not go into an estate when the owner dies.
Storing Passwords in Case of Death: A Digital Estate Plan
February 7, 2022
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Deborah Placet had no idea how to access her husband’s cryptocurrency and other digital accounts after his unexpected death at age 52.
Should I Place My Home in a Trust?
February 4, 2022
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Part of being a responsible homeowner is having a proper estate plan in place. After all, considering the home is generally the largest asset most people own, it’s prudent to ensure this asset is passed to the people you wish to leave it to.
Can a Trust Be Created to Protect a Pet?
February 2, 2022
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Based on a recent survey by the American Pet Products Association, as of 2020, 70% of households in the U.S. have pets—about 90.5 million households.
Update on Transfer Taxes for 2022
January 31, 2022
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Despite the various proposals to lower federal transfer tax (estate, gift and GST taxes) exemptions and increase the tax rates, none of them were enacted in 2021.
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