
How much money do you legally give as a gift to family members as per an estate planning lawyer?
Government gift tax Almost anything you own can be given as a gift. In addition, the IRS permits you to donate up to a specified
Home » Planning

Government gift tax Almost anything you own can be given as a gift. In addition, the IRS permits you to donate up to a specified

Introduction Estate planning attorneys are licensed legal professionals who specialize in the field of Estate planning and have a clear and thorough understanding of federal

An estate plan enables you to plan for what will happen after you pass away or if you become incapacitated and unable to care for

Probate Probation is known as a legal procedure. Under probate, the assets of the person who has passed away are evaluated and supervised. Along with

What is a living trust? A living trust is a fund that holds your assets while you are still alive. This term usually refers to

In a trust, one person (“trustee”) holds assets on behalf of another person (“beneficiary”). Generally speaking, beliefs have unique special rules established by a written

The much-loved Prince, a significant figure in the music industry, just passed away. The passing of this music legend highlights the need for estate preparation.

People devote their first years of employment to caring for and supporting dependents. They don’t begin to consider and plan for retirement until they are

What is estate planning? Estate planning is creating a plan to distribute assets after a person’s death. The estate planning attorney can help you with

Why is it necessary to probate? Some people can make many wills in their lifetime. Therefore, land registry offices, banks, and other entities traded by

More time may be required than most people realize to fulfill the duties of a will executor. In addition to ensuring that assets are distributed

It is undoubtedly tough to contemplate your mortality, and we completely understand it. But then some people ensure that their wills are planned along with

Probate is the judicial process of proving a will by a court of law. Moreover, it is accepted as a legitimate public document that’s the

Who is a probate lawyer? When a person leaves the World, their assets must be dispersed and appropriately distributed per the directions they gave when

Business is one field where people are busy and have no time for themselves. In business, you think about your business projects before thinking about

A group of national experts drafted and reviewed a set of model laws known as the Uniform Probate Code (UPC). UPC state specifically covers Trusts,

Real estate planning goes beyond making the will. Careful planning means collecting all your assets and ensuring they will transfer to the person or organization

Estate planning is a good choice if you own a business and are worried about its future. Many people seem to talk and think about

One of the leading estate planning strategies to secure your family’s future after your passing is to get life insurance within a trust. Your life

The probate process includes paying off the deceased’s debts and distributing the estate’s assets according to the will or state law. Probate lawyers, also referred

Probate is a process of dispersion of Will through a legal procedure. Moreover, one can refer to probate as the general administration of a decedent’s

Most individuals work hard their entire lives to save money and acquire valuable items or residences. However, only around 30% of Americans have a will

Introduction If your loved one dies in another state, you may wonder if you need to hire a probate lawyer to help settle their property.

What is Estate planning? Estate planning is deciding who will get your assets, estate, and personal belongings upon death. This includes planning how much of

What is a revocable trust? Forming trust is a straightforward process. First, you must set specific goals and meet your intended needs with the help

A large inheritance can be both a blessing and a burden because the money may come in handy in the future and because the recipient

An executor is an individual who administers an estate. They are responsible for settling the estate, paying debts, and dividing it among beneficiaries. In addition,

Myth No. 1: Probate Is ALWAYS Required for a Will. No, not all wills require a probate process. There are several exceptions to what must

What is a Probate Attorney? Probate is administering a decedent’s estate according to their will or under state guidelines. A probate lawyer is a state-approved

An inheritance tax (IHT) is imposed on property that has been gifted or inherited. Even though IHT is charged upon death, it may also be