Writing a will is one of the most important things you can do for yourself and for your loved ones, and it can be done in just minutes. Are you ready to get started?
It is especially useful and important document for an executor of the estate to have to settle the deceased’s affairs and begin probate. However, the executor is not the only person who might need one. Copies of the death certificate required to do any of the following: Close a bank ...
File a name change petition in probate court orcircuit courtin the county in which you live. Procedures for legal name changes vary from state to state. In some states, name changes are handled by the circuit court's clerk's office. In other states, the county probate court handles them. ...
File for probate Apply for a taxpayer ID number Open the account 1. Get the death certificate Before you can do anything, you must get proof that the decedent has in fact died. You will need to get the death certificate and copies of it, which you’ll use throughout the probate proce...
Trusts are often used for tax, estate planning or asset protection purposes, as — depending on the type of trust — the property can be protected from creditors and can pass directly to the beneficiaries without going through probate court, says Philadelphia-based attorney Min Hwan Ahn. There ...
Finally, take advantage of a provision in the tax code that permits you to help family (and friends) while reducing the size of your estate. In 2022, you can give away up to $16,000 per person to as many people as you’d like without having to file a gift tax return. Estates valu...
Especially since the failure to file a Form 5329 to report (and request a waiver of) the penalty means the statute of limitations itself for the 50% penalty never begins to toll in the first place! Author: Jeffrey Levine, CPA/PFS, CFP®, AIF, CWS®, MSA ...
When a person gets married, they need to change their name on theirU.S. passport. If they request the change less than a year after the original passport’s issuance, they’ll need to submit these documents to the National Passport Processing Center, P.O. Box 90107 Philadelphia, PA 19190...