How Vehicles Are Handled in Probate
After a house, a car is often the most valuable piece of property a person owns. Cars can also have practical value as well as sentimental value. When you put this all together, it’s clear that how vehicles are handled in probate can be a key issue for an executor or...
Should You Distribute Your Assets While You’re Still Alive? The Pros and Cons of a Gifting Strategy
You’ve succeeded in accumulating wealth. Now, you’re wondering: should you distribute this wealth to your heirs in your will or should you start gifting it to your loved ones during your lifetime? Both options have advantages and disadvantages. Before you decide,...
What Every Adult Needs to Know About Healthcare Proxies
Are you 18 or older? Then you need an advance directive. If you experience a serious medical event and can’t express your wishes, an advance directive can ensure the care you receive is in line with your wishes. Healthcare proxies are a critical part of advance...
Higher Estate Tax Exemptions Are Set to End – Is Your Estate Plan Ready?
The Tax Cuts and Jobs Act raised the threshold for gift and estate tax exemptions, allowing people to give more of their estate away without being subject to federal estate taxes. This provision is set to expire soon, with big implications for estate planning. You may...