Estate planning is the process of documenting your wishes and how you want them to be carried out following your death. It’s an essential part of your end-of-life plan. Still, many people aren’t sure what an estate plan entails or why it’s so important. In this guide, we’ll exp...
The term "estate planning" brings gloomy images of funerals and grieving family members but the estate planning process involves a good bit more than deciding who gets your property after your death. Having a plan becomes even more important for married couples with a blended family, according to...
Estate planning is the process of arranging how to leave your money, property and possessions to loved ones when you pass away. It also focuses on passing on your assets during your lifetime in line with your wishes – meaning you can enjoy seeing the positive benefits they bring to the pe...
Estate planning When dealing with community property, estate planning is an especially important topic. Here's how it differs between the two types of states. Community property states: When one spouse dies, their 50% "share" of the community property is usually transferred to the surviving spous...
Why is estate planning important? You might assume that if you die without a will (also known as dying intestate), your loved ones will be responsible for equitably dividing your assets. The truth, however, is very different. If you die intestate, it’s not your family or friends who det...
Beneficiary Designations:Some assets, likeretirement accountsand life insurance policies, bypass the will and go directly to whoever is named as the beneficiary. It’s important to keep these designations updated. Planning for Estate Taxes:If your estate is large enough to be subject to federal ...
What you should know about estate planningJill Schlesinger, CBS News Business Analyst joins CBS New York to discuss what people should know about estate planning and trust funds.Oct 23, 2024 embed code copied Live Now CBS News 24/7 CBS News Baltimore CBS News Bay Area CBS News Boston CBS...
Estates are most relevant upon the death of an individual.Estate planningis the act of managing the division and inheritance of your personal estate and arguably representsthe most important financial planningof an individual's life. It's important to keep in mind that every country has specific ...
There is a myth that estate planning is only for high-net-worth individuals. But that's not true. In fact, estate planning is a tool that everyone can use. Estate planning makes it easier for individuals to determine their wishes before and after they die. Contrary to what most people be...
Estate planning: what you need to know.O'Day, Michie S