When Should You Start Estate Planning?
Estate planning is often seen as something that only people in their later years need to consider, but the truth is that everyone, regardless of age or financial situation, can…
Where There’s a Will, There’s a What?
Valid Forms of Wills: Exploring Traditional and Modern Approaches, Including Text Messages and Phone Calls Wills are essential legal documents that express a person's final wishes regarding their estate, from…
The Cautionary Side of Beneficiary Designations: What You Need to Know
When planning your estate, naming beneficiaries can seem like a straightforward way to ensure your loved ones are taken care of. Whether it's for life insurance policies, retirement accounts, or…
Understanding Estate Taxes
The IRS levies an estate tax on the assets of high net-worth individuals. This tax is imposed on estates larger than $13.61 million (as of 2024). This $13.61 million exemption is applicable to each person. Therefore, a married couple must be worth $27.22 million before they owe federal estate taxes.
Estate Planning Using Wills and Trusts
Estate planning can involve the use of a will and trusts. Learn about the differences in this post.