Factoring Debts Into Your Estate Plan
Estate planning is a necessary process and can be complicated by one carrying debts. When thinking about estate planning, many people only think about the assets they will leave to the heirs. However, it is also critical to understand how your debt can also affect your estate after you die. The lawyers at the Dana […]
Tips For Executors To Help Administer An Estate
Being asked to be the executor of an estate is a significant responsibility. Therefore, before you accept this role, you must understand all the obligations you will need to fulfill as the executor. Below is a summary of all the duties you will take on if you accept this important role. Understanding all of your […]
Financial Planning vs. Estate Planning
When you are engaging in planning for the future of your finances, you may have heard about both financial planning and estate planning. But, what’s the difference between them? There are a lot of differences, and each serves a different goal. Estate Planners When you go to an estate planner, this is usually an attorney […]
Will There Be A Tax On My Children’s Inheritance?
The Good News and the Bad News… An estate tax is a tax your heirs owe when you transfer property at your death. The good news is that under current IRS rules, for “relatively simple estates,” unless the combined gross assets exceed $12,060,000 (in 2022), you don’t have to file a federal estate tax return.So, […]