'How to Own Your Real Estate' might seem like a strange statement to make, but the form of real estate ownership options you choose can have real implications on taxation and inheritance. Your real estate encompasses not only your primary residence but also any...
Most people understand that having an estate plan benefits them and their loved ones. However, many individuals do not initiate the estate planning process because they do not fully understand the nuances of foundational estate planning tools, such as a will and a...
Death & Taxes! "In this world nothing can be said to be certain, except death and taxes." That famous phrase was written by Benjamin Franklin in a letter in 1789. While death cannot be avoided (yet!), 236 years later most people continue do their best to legally...
Trusts are usually associated with estate planning, but trusts can also apply to business operations. Did you know that as a small business owner, you can hold your business in a trust instead of using a business entity such as a limited liability company (LLC) or...
Once you have been appointed the executor or personal representative of a deceased loved one’s probate estate, or when you step in as the successor trustee of the loved one’s trust, one of the first things you should do is to notify the post office of the death and...
Fewer people are creating estate plans today than in years past. Research shows that, in 2024, less than one-third of Americans report having a will.[1] Every adult - whether aged 19 or 99 - should have a will at a minimum. Many people can also benefit from estate...