by designonetest | Jan 15, 2016 | Estate Planning, Uncategorized
This information will be helpful if you are either expecting an inheritance or expect to leave money to your loved ones. A 2012 study by Ohio State researcher Jay Zagorsky found that about one-third of Americans who receive an inheritance have negative savings within...
by designonetest | Jan 12, 2016 | Estate Planning, Uncategorized
Most people think of probate as a private process. However, since wills are filed at the courthouse, probated estates become a matter of public record. That means your nosey neighbor Nellie can simply go down to the courthouse or hop online and find out about your...
by designonetest | Jan 10, 2016 | Estate Planning, Uncategorized
Many people now use a revocable living trust instead of a will or joint ownership as the foundation of their estate plan. When properly prepared, a living trust will avoid the public, costly and time-consuming court processes of conservatorship or guardianship (due to...
by designonetest | Jan 8, 2016 | Estate Planning, Uncategorized
You work hard for your money and want to ensure that your wealth distribution goes according to your wishes upon death. Sadly, many people simply don’t understand the difference between wills and trusts and how they can affect inheritance. Don’t be one of them!...
by designonetest | Jan 5, 2016 | Estate Planning, Estate Tax, Uncategorized
The Internal Revenue Service has released the official inflation adjustments that will affect 2016 federal reporting for estate taxes, gift taxes, generation-skipping transfer taxes, and estate and trust income taxes. These changes will affect the way your accountant...
by designonetest | Jan 4, 2016 | Estate Planning, Estate Tax, Uncategorized
In 2015, there are still 20 U.S. jurisdictions that collect a death tax at the state level: Connecticut, Delaware, District of Columbia, Hawaii, Illinois, Iowa, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Nebraska, New Jersey, New York, Oregon, Pennsylvania,...
