This article examines the specific issues surrounding estate planning for unmarried persons.
Exercise Caution When Using Gifts in Estate Planning
In the event that an Estate Planner is wanting to avoid federal state taxes, gifts are one method. Estate Planners will need to be careful using them though, simply because misunderstanding the giver and recipient special circumstances could be more detrimental than beneficial. Planners must be certain that the estate in question is not, or…
Types of Life Insurance in Estate Planning
When planning your estate, it’s important to determine which kind of life insurance policy you will buy and what implications it has for your loved ones at the time of your death. There are several options to consider when buying a life insurance policy as part of the estate planning process. Term Life Insurance As…
Estate Planning for the Business Owner
While it’s not uncommon for people to have their personal lives in order when it comes to estate planning, the ways in which a business moves from one generation to a next is sometimes forgotten in the process. This can lead to all types of ownership issues and financial struggles for your surviving family and…
Ten Most Common Estate Planning Mistakes
We’ve all heard it before — the two certainties in life, death and taxes, and the two hit us, our heirs and our estates at the same time. Estate planning is an often overlooked necessity. This is not an easy process and according to Probate Lawyers Austin, it is essential to rely upon an experienced…
Advantages of a Revocable Living Trust Over a Will
One of the most difficult decisions we face in life is that of making provisions for our family and heirs and the distribution of our assets upon death or incapacitation. There are many choices to be made in establishing these provisions according to an individual’s particular needs and desires. One of these is whether a…
