What are Estate Taxes?

Estate taxes – and the related gift taxes – are simply limits on how much one can inherit and how much one can give another before taxes are imposed. In essence, these taxes try to limit the transfer of wealth, favoring the distribution of wealth through...

What Is Probate—And How to Avoid It

Do you know what Probate actually means? Are you looking to avoid the Probate process alltogether? Probate is a necessary legal process that a deceased person’s heirs have to go through when an estate is being settled. In some cases, probate can be a tedious and...

Do I really need a Trust?

Although many people equate “estate planning” with having a will, there are many advantages to having a trust rather than a will as the centerpiece of your estate plan. While there are other estate planning tools (such as joint tenancy, transfer on death, beneficiary...
How to Divide Assets, Not Families

How to Divide Assets, Not Families

The strains and stresses on surviving children from the death of parents can happen in a time of grief. And even if someone commits themselves to reducing their want for material possessions, they may still desperately want Grandma’s teapot or Mom’s...
Confused about Estate Planning?

Confused about Estate Planning?

Are you confused about estate planning? Do you not know where to begin? Some people let their confusion regarding estate planning stop them from protecting their loved ones and assets.  Many people actually never move forward with having a plan in place simply because...