Typically, websites and software programs that tout estate-planning capabilities offer only the most basic documents and no guidance. And when you are planning for your family’s future, it’s essential to get it right. Without a lawyer, there’s no one you can ask questions and no one ...
Common Myths and Misconceptions About Estate PlanningAbbe I. Herbst
What are the tax consequences of the windfall? And how might this change your estate plan? Don't do anything until you can answer those questions with confidence. "That said, I do urge clients to go ahead and splurge a little (but only after considering more important factors such as payi...
Help Clients Avoid 10 Common Estate Planning Mistakes Journal of Financial PlanningCalio, Caroline Demirs
While at school, I seriously learn about majoring in knowledge of real estate, a basic understanding of the theory of property management, residential planning, and other auxiliary knowledge; familiar with common foreign work etiquette; familiar Office software. I was also the Institute of physical ...
“We always place estate planning on the back-burner. It’s usually because it pertains to a subject we all have a hard time talking about – our own mortality.” When it comes to administering your assets, it is best to organize every single detail. With the rising life expectancy, it...
There are many different types of trusts, each suited to different purposes. Choosing the right one depends on what you’re trying to achieve with yourestate plan. When comparing different types of trusts you might ask yourself some questions, like how much flexibility or control you want over...
Many people agree to be estate executors and trustees without understanding the legal responsibilities of those roles. Here's what to know about being an estate fiduciary. Related topics Tax Planning Trusts Estate Planning The information provided here is for general informational purposes only and...
Estate Planning Trusts can also be used forestate planning. Typically, a deceased individual's assets are passed to the spouse and then equally divided among the surviving children. However, children who are under the legal age of 18 need to have trustees. The trustees only have control over ...
, who serve as the primary account manager, and investment professionals, who do the hands-on money management of client funds. In addition to providingbrokerage accountsandmanaged accountsfor investing, private bankers also offer services that include tax, estate, and charitable donation planning....