It’s important to have a plan. If you don’t have a plan, your state law dictates who gets your property and makes decisions for you. Read on to learn more about a heart-breaking story of someone who didn’t plan and the consequences.
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Where you die matters. While you’ll pay the same federal estate tax no matter where you die, 1/3 of the states have a separate estate or inheritance tax. The most populous state, California, is the latest state to consider adding a state estate tax. Read on to learn more.
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A well thought out and drafted estate plan can help you to achieve numerous inter-related goals and objectives. Along with ensuring that your estate assets are handled according to your wishes after you are gone, your plan should also help protect those assets from a wide range of potential threats while you are here. For […]
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Were you recently notified that someone appointed you to be the Trustee of a trust? Is this the first time you have served as a Trustee? If so, you may be a little intimidated at the prospect of acting a Trustee – and a little worried about your responsibilities and potential liability for errors. To […]
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The men and women who served the country in the United States Armed Forces, as well as their surviving dependents, are owed a debt of gratitude that can never truly be repaid. Although there is no way to truly repay veterans and their dependents for the sacrifices they have made, the government does try to […]
The post Are You Getting All the Benefits You Deserve as a Veteran? appeared first on Nirenstein, Horowitz & Associates P.C..
Not all that long ago, trusts were used almost exclusively by wealthy families as a tool to pass down the family wealth while maintaining a certain degree of control over how that wealth is used by future generations. Trusts have evolved, however, to the point where it is now common to find a trust in […]
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A new estate tax proposal would lower the amount passing free from tax to $3.5 million and increase the rates of taxation. It would also eliminate some tried and true strategies for reducing estate taxation. Read on to learn more about this proposal and its prospects.
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