Whether you’re a dog lover, a cat person, or a caretaker for another kind of feathered, scaly, or furry friend, pets are an important part of our lives. Yet when individuals are creating their estate plan, their pet’s future...more
When an individual passes away, their assets must be distributed to their named heirs or beneficiaries. The beneficiaries may be designated as a co-owner or a beneficiary, or the assets will pass to the estate to be...more
Your family’s vacation home is more than just a property. It is where your family has created memories to cherish for generations.
Deciding how to pass down such a meaningful asset can be an emotional decision, but it...more
10/7/2024
/ Beneficiaries ,
Capital Gains Tax ,
Estate Planning ,
Estate Tax ,
Gift Tax ,
Inheritance ,
Property Ownership ,
Real Estate Transfers ,
Tax Planning ,
Transfer of Assets ,
Trusts ,
Vacation Homes ,
Wills
No matter how much planning you do, you can never be too prepared to face the future of caring for your aging parents. While it may not be the most comfortable topic, having an open and honest discussion allows you to...more
In the last alert, we reviewed the responsibilities of an executor. In this next introductory review, we will discuss the role of a trustee.
Before we define the role of a trustee, we must explain the definition of a...more