If you are about to inherit assets, you might need some inheritance tax advice. It comes down to understanding a few very basic rules. But if you ignore this issue, you could land in hot water and need to find IRS tax debt relief…big time. First, keep in mind that there are really two kinds […]
Estate Protection
You can do everything right; stay out of debt, save and invest, and your family may still have nothing to show for it if you aren’t careful. This category explains estate planning in plain English so you’ll understand and be empowered to take action the right action. It also describes the simple and inexpensive things you can do to protect everything you’ve worked so hard for all your life.
Note: You should speak to a qualified attorney before taking action. This is not meant to substitute for appropriate legal advice.
IRA Beneficiaries – How To Safeguard Yourself and Family
How you select and name your IRA beneficiaries is a central part of your estate plan. Understanding these IRA restrictions is the only way you can make sure your beneficiaries will get the money when you’re gone. I recently received an e-mail from “P” pointing out how important this issue is: “My sister asked my […]
5 Tips on How to Make Your Own Living Trust Online
You can make your own living trust online very easily. For those of you who aren’t familiar with this subject, a trust allows you to control who receives your assets after you die. But that’s just the tip of the iceberg. A living trust also helps your beneficiaries avoid the expense and delay of probate […]
Estate Tax Changes Mean You Need a Living Trust Update
Recent estate tax changes indicate you may need to have your trust reviewed now. As you probably know, the estate tax in 2010 is 0%. That means if you die this year, you won’t have any estate tax to pay regardless of how wealthy you are. Believe it or not, this estate tax change could […]
What Is an Irrevocable Life Insurance Trust?
You should consider forming an irrevocable life insurance trust if your estate is taxable at a very high rate. How does it work? Let’s say you have a taxable estate and you figure your estate tax is going to be $500,000. Further assume that most of your estate is tied up in real estate and […]
Should You Use a Professional Trustee for Your Trust?
Naming a professional trustee for your living trust is a dangerous proposition. Let me share an example. Joanie and her brother have been trying to settle their mother’s estate for the last two years. It’s a small estate and their mother set up a living trust before she died. They never expected all these problems. […]