Estate Planning: The Implications of the New Biden Presidency
In the lead up to the Georgia Senate runoff elections, a question on everyone's mind was how the estate and income tax legislation would be affected if the Democrats won a majority. Now that senators Jon Ossoff and Raphael Warnock have been cemented into their positions, change is sure to come. Exactly how much change is still uncertain.
The Biden...
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How to Choose a Right Guardian For My Child?
No one wants to think about what will happen to their child after they are gone. However, it is in the child's best interest for the parent to designate a Guardian in the unlikely event that you will no longer be able to care for them. Guardians are assigned to children under the age...
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Celebrity Estate Planning Mistakes That Everyone Can Learn From
James Gandolfini: No Need to Pay Extra Taxes
The actor and producer most renowned for his role as mafia boss Tony Soprano left only 20% of the estate to his wife. The remainder was left to his children, friends, and relatives. Since his estate was above the estate tax threshold, the result was...
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Get a FREE online evaluation – what kind of documents you need
Have you always wondered if you need an estate plan? Have you thought of doing it yourself, but were not sure if you are doing it right?
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Do your plans for 2017 include estate planning? Below are 5 tips to consider!
Schedule a family meeting to discuss your assets and your wishes with them. Create an inventory of your assets and share it with your family. Don’t leave your family in the position of scrambling in their search for documents and assets in the future!Consider giving your children and your spouse passwords to your digital...
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Facebook now permits a “legacy contact”.
Facebook now allows you to designate a "legacy contact". This is a person who will be able to take over the account in a limited capacity if the user dies. If you do not designate a legacy contact, but name a digital heir in a legal will, Facebook will honor...
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Role of Insurance in Estate Planning
Failure to plan can mean unnecessary hardship for loved ones. The hardship can be financial (not having sufficient money to live on) or emotional (a feeling that the parent treated the children unequally). Life Insurance Reasons to have one: For heirs: Immediate cash for payment of debts and burial. Elimination...
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Why Single People Need Estate Planning
Generally, most estate planning literature focuses on married individuals. However, according to the Census Bureau, in 2013 almost half of Americans age 15 and older were single. If you are single and die intestate (without a will) your money will be distributed in ways you may not like. Where the Money Will Go if...
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