Each state has slightly different regulations for family trusts. It’s important to work with an estate planning attorney or online service to make sure that your trust meets all of the requirements of your state. Your trust documentation will need to be signed by the right people to be valid...
The how and why of family trustsBina Brown
How does a living trust work? Living trusts can be an essential part of a robust estate plan. They allow you to safeguard your assets so they can be managed and distributed when and how you’d like.1 Depending on the type of living trust you have — revocable or irrevocable (see below...
How do REITs work? Congress created real estate investment trusts in 1960 as a way for individual investors to own equity stakes in large-scale real estate companies, just as they could own stakes in other businesses. This move made it easy for investors to buy and trade a diversified real...
Thank you so much for sharing this information, I truly appreciate the work you do. I have a clarification question in regards to the California Franchise Tax Fee. If I form my LLC in March of 2023, is it correct that I would not have to pay the $800 fee until April of 2024? Or ...
It sounds like friends and family were that first batch. How did you work towards eventually selling to people, to strangers essentially, people that you’d never met before? How were they able to eventually find out about your products and your business? Alley: Since day one that we’ve ...
New Jersey: Immediate family (spouse, children, parents, grandparents, grandchildren) and charitable organizations are exempt. Siblings and sons/daughters-in-law are exempt up to $25,000. The tax rate ranges from 11% to 16%, depending on the size of the inheritance and the familial relationshi...
process, or simply have heirs claim assets by affidavit. In addition, some assets—such as living trusts and 401(k) plans—do not need to go through the probate process. Since the probate process is expensive, it is worth researching your state's probate rules during your end-of-life ...
There are several ways to invest in real estate. For many Americans, the most basicreal estateinvestment comes in the form of a family home or rental property. Investing in a single real estate property can be a large, lucrative investment with multiple possibilities for usage. Versatility, lon...
A disgruntled employee or a former spouse may tell the IRS about income that isn’t being reported or other erroneous tax actions that could lead the IRS to recoup taxes. Some whistleblowers do it for revenge, others because they believe they’re doing the right thing, while others do it ...