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, […]
Will Arizona Allow Me To Create An Electronic Will?
Proper estate planning ensures that your wishes are fulfilled after your death and removes additional stress from your grieving loved ones. One of the most recent developments in estate planning is an electronic will. However, if you want to create an electronic will in Arizona, you’ll need to follow certain precautions to ensure it’s valid. […]
No Children and No Heirs Shouldn’t Mean No Estate Plan
Some individuals face extraordinarily complex estate planning issues involving a large number of potential heirs or a pile of substantial assets distributed in multiple directions. Others need an estate plan to support the financial security of just one or two heirs. However, many people don’t have any children or heirs to whom they can leave […]