Year: 2017
Giving money away now to avoid taxes later
If you know that you are going to pass away with a healthy level of assets in your estate, experts say that giving gifts to your heirs now and throughout your life can reduce the amount of tax that is levied on your estate. Federal estate taxes don't kick in until...
Whom should you notify when someone dies?
The obvious answer is that you should notify family and close friends, but that's the immediate answer. Beyond that, the executor of an estate has to make numerous notifications to begin closing out accounts and transferring assets appropriately into the ownership of...
Personal representatives have duties that can vary
When someone dies, there might be a need to go through the probate process. This is necessary if the person had significant assets that need to be handled. The probate process involves the administration of the decedent's estate by the person the named executor or...
Learn about probate litigation if you are facing an estate issue
Can the ‘Four A’s’ help you deal with probate litigation stress?
Anytime you have to deal with the legal system or courts, it can be stressing. While there's typically nothing to fear from the probate process, there might be a lot at stake. Simply dealing with the unfamiliar formalities of the legal process can be overwhelming. One...