Estate Planning - Real Property Disbursement Problems

Over views some problems created by evenly splitting an intrest in real property between your heirs.

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

Planning for the Intangibles

Over views questions surrounding intangible digital assets as a relative consideration to ones estate planning needs.

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.

Charitable Remainder Trusts: Preserving Your Estate

Charitable Remainder Trusts: Preserving Your Estate Financial and estate planning ensure that a person's assets and property will be put to the greatest use during life, and to the beneficiary's best use after death. Too bad that studies show that relatively few people actually adopt such a plan.

Three Advantages a Roth IRA May Offer Your Estate Plan

Many may not consider the possibilities that a Roth IRA can offer an estate plan. But, there are three advantages that a Roth IRA can offer if your estate value is under the Applicable Exclusion Amount ($1.5 million in 2005, and $2 million in years 2006 & 2007) and if one of your planning goals is to leave as much money as possible to your heirs.

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:

Estate Planning ... Not Just For The Wealthy

You've worked hard, accumulated assets, and been diligent in saving for a comfortable retirement. Now it is important to implement a plan to protect those assets in the event something were to happen to you.

Powers Of Attorney Vs. Successor Trustees - Does One Have More Power Than The Other

Question: I am listed as the Successor trustee, my bother is listed as the Durable Power of Attorney for property management of my father's estate. Does one have more power than the other. Does the POA have the power to sell my dad's property or do I the successor? Thanks ahead of time - really confused. N.H.

Ira Trusts: What's All The Hype About

A recent new development in estate planning is helping thousands of affluent people across the country with IRAs over 100,000 transcend estate tax and income tax. It keeps your beneficiaries from blowing all of the money you’ve worked so hard for.

Revocable Living Trusts to Protect Your Family

Regardless of the resource(s) you choose to set up your plan, a revocable living trust can protect your assets and achieve your objectives by making sure that every step is carried out in full. Making these arrangements could be the most important decision you make regarding management of your estate to ensure you and your family's well-being when you're no longer able to direct that financial course.

When Parent and Child Reverse Roles

When we start off in life, our parents provide love and nurturing, as well as the necessities of daily life. As time passes, we grow into adulthood. Our relationship with our parents becomes one of equals, with each providing love and nurturing for the other, while both are self-sufficient. Often, parents reach a stage in their lives when they are no longer self-sufficient, typically due to advanced age or illness.

Why Everyone Needs At Least A Living Trust

We share one thing in common. If you're reading this article you probably will not live to see the end of the 21st Century. The Revocable Living Trust is something most people should have but few actually see that it's done. Here is why everyone needs the Living Trust.