Most of us don’t have to worry about the federal estate tax, but remember that your state, or any state where you own real property, could still hit your heirs with a hefty death tax.
Blog Posts Page 6
The only time your Will would control who gets your IRA is if your estate is the beneficiary. You should think twice before naming your estate as the beneficiary of your IRA.
Dont’ be fooled by the TV commercials and print ads touting physician-assisted suicide in Hawaii.
Something odd happened a few weeks after James Gandolfini died. The discussion shifted from shock and surprise at his death, to his will, which, unlike the wills of most wealthy people, quickly became public. Almost immediately, many experts found fault with its contents, saying it was so unwisely constructed it could lead to lawsuits from his heirs.
Elijah Smith said he wanted to be an organ and tissue donor when he applied for a driver’s license in September. But his family didn’t find that out until he was declared brain dead by doctors on July 4 after being struck while riding his bicycle the day before.
It is important to understand how liability works in order to plan how to avoid it.
The Uniform Gifts to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA) are sometimes called the “granddaddies” of college savings accounts. Both allow parents to establish custodial accounts for a minor child, and a grandparent can then make gifts to the account.
According to the Alzheimer’s Association, more than 5 million Americans today have Alzheimer’s disease, the most common form of dementia. Thus, it’s likely that you or someone you know has a loved one living with dementia.
It’s a great idea to try to make a difference for your child while you’re here to see the process unfold – it could be one of your most gratifying life moments.
A nationwide scheme for squeezing money out of unsuspecting consumers has raised its ugly head in Hawaii.