Selecting an Advantageous Trusts and Estate Lawyer

Briefly describes how to find the right attorney to handle trusts and estate planning.

Putting your Estate in Order

Put Your Estate in Order For business owners, an effective estate plan addresses a number of concerns over and above the desire to care for surviving family members. Control over who will run the business, conservation of the owner's assets in the face of legal expenses and taxes, and the liquidity to pay estate taxes due shortly after death are just some of the most pressing issues.

Private Trust Companies

Private Trust Companies have gained in popularity in recent years. They provide a means by which a settlor can retain a greater degree of control over his trust affairs, without compromising the validity of the trust structure. A Private Trust Company offers both convenience and flexibility and enhanced protection for fiduciaries.

Estate Planning - Considering a Second Marriage Late in Life

Over views estate considerations that should be accommodated as widows and widowers (with their longer life spans) increasingly meet and decide upon a second marriage. Addresses for consideration a set of unique legal questions that those getting remarried, do not often think through.

Estate Planning

Estate planning involves distributing your assets after death to such people or causes according to your wish with minimum legal complications and the least tax incidence. And estate planning is not just for the wealthy; nor is it something to be contemplated when you reach the ripe old age of eighty.

Estate Tax Planning

Estate tax is the levy by the government against the taxable estate of a deceased person. Taxable estate means gross estate reduced by allowable deductions. Gross estate means total estate comprising the value of all assets owned by the deceased at the time of death. IRS determines taxable estate by subtracting from gross estate certain allowable deductions like funeral expenses paid out of the estate, debts outstanding at the time of death, estate administration expenses, charitable, marital, and deductions

Estate Planning - Capacity Challenges

Over views the elements of capacity used to contest the legality of a will. Looks at mental deficiency, insane delusion and mental derangement characteristics that have been used to invalidate a will.

New Cyprus Residents - Make Sure You Know Who Will Inherit Your Estate

In an earlier article, author Michael Yates drew attention to the need to review assets and the manner in which they are held in order to escape liability to inheritance tax in the United Kingdom. The key lies in domicile, even more so after the British Government's decision to tax the most basic of estate planning arrangements. So what is domicile?

Probate and Probate Avoidance

When an individual dies in Florida or while owning real property in Florida, probate is the procedure used to transfer his or her assets to the proper heirs. The procedure can be time consuming and expensive. However, with proper planning, the entire procedure can mostly be avoided.

Private Annuity Trust, Charitable Remainder Trust or 1031-TIC: Which Is Right for You?

You may have heard about Private Annuity Trusts, Charitable Remainder Trusts and 1031 Tenant in Common Exchanges, but how do you decide if one is right for you? There are several things you should think about when trying to choose between these three options:

Probate: A Simple Explanation of a Daunting Topic

Always wondered what probate is and what it's for? Get a straight-forward explanation here.

The Australian Family Trust Explained

In Australia, a Family Trust (often called a discretionary trust) is set up to hold a family's assets or to conduct a family business. Generally, they are established for asset protection or tax purposes. Christopher Balmford from Cleardocs gives us an overview of how a family trust works and how to set one up.

Understanding The Benefits Of Forming Trusts

What is a Trust And Who Are The Settlor, Trustee And Beneficiaries? A trust is an institute of a special type of structure capable of holding title of the property-providing benefits to one or more people.