Posts tagged with 'trusts'

Married Couple Signing a Document

Having an updated last will and testament is more important than ever, especially now. However, a will that is poorly created or not frequently updated can be vulnerable to contestation. What is contestation? It is the formal objection to a will’s (or trust’s) validity because it either: a) doesn’t reflect the wishes of the person who created the will, or ...

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Last Will and Testament

It is important to think carefully about your ability or willingness to serve as an executor or trustee for someone else. If a family member or friend has asked you to serve as the executor of his or her estate or as trustee of a trust he or she is creating, there are a number of factors you should consider ...

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Farmer pointing out at his field with bales of hay in it

Many people own property in more than one state. It is important to think about how that property will be handled as you create an estate plan.

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Last Will and Testament

News about the coronavirus is everywhere, and we have all been affected by it in some way, even if we are currently completely healthy. Although it may seem as though circumstances are spinning beyond our control, we are not powerless. There are steps we can take to protect ourselves and our families, both physically and financially.

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A parent holding hands with a child

Coronavirus has been all over the news—and with good reason. For some people, it can turn into a serious illness if contracted. Thankfully, for the great majority of people who have contracted the disease, the symptoms appear to be relatively mild.

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Last Will and Testament

Surprising to most people, the federal estate tax is a voluntary tax. Estate planning attorneys used to say, “You only pay if you don’t plan.” Now, portability of the federal estate tax exclusion provides both an alternative and a back-up plan to lifetime tax planning. This means you might be able to minimize or even eliminate federal estate taxes even ...

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Last Will and Testament

Welcome to 2020! A new year is a time for optimism and new opportunities. It is a time to start fresh and take a look to make sure you are headed in the right direction. But making New Year’s resolutions is not enough: you must take action now to ensure that you and your family or loved ones are prepared ...

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