How to Plan for Minor Children – Part 2 Parents & Grandparents: A Trust May Be the Best Option for Asset Distribution Last month we looked at guardianship, the first of two issues that affect planning for minor children. This month we will look at some ideas for leaving money to minor children. We start […]
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While many testators want to leave their estates to a surviving spouse or another party, it is also not uncommon to take steps to ensure that the remainder of the estate will be available to someone else after the first beneficiary passes away. When drafted correctly, these documents can help families avoid conflict over the […]
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Couples who are beginning the process of planning their estate and are also concerned about protecting the inheritances of their children may want to consider creating a joint will. These wills govern the estate of more than a single person and are considered jointly binding, which means that if one person passes away, the other […]
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When a decedent passes away and leaves real estate to a loved one or heir, the beneficiary will eventually need to find out the property’s fair market value. This is true for a variety of reasons. For example, a beneficiary will need to report any taxable gain or loss on the sale when paying taxes. […]
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