How to Check the Validity of a Will
February 3, 2022
Without a valid will, a person’s estate passes to their surviving heirs under intestate succession (e.g., ‘succession without a will’).
Without a valid will, a person’s estate passes to their surviving heirs under intestate succession (e.g., ‘succession without a will’).
If you are retired and no longer generating employment income, you should make sure you weigh the financial implications of any potential move.
For young professionals finding their way in the world and just beginning the journey of building wealth, death can seem like a far-off abstraction. However, the cold reality is that no one ever knows what’s around the corner — health problems and freak accidents can happen at virtually any time.
Despite the various proposals to lower federal transfer tax (estate, gift and GST taxes) exemptions and increase the tax rates, none of them were enacted in 2021.
In general, the best reason to establish a charitable trust, is if you would like to create a long-standing form of charitable giving.
Revocable Living Trusts have become a widely used estate planning document, providing a path to managing assets, avoiding probate and gaining privacy at the settlement of an estate.
If a loved one asks you to be the executor of their estate, think carefully before you take on this responsibility.
Do you have to pay taxes on inheritance?
The administrators of the late musician’s estate recently settled a complicated dispute with the Internal Revenue Service over the value of Prince’s assets. The precise value was undisclosed, however, it could exceed $100 million.
The new, buzzy Netflix documentary on the late, beloved, iconic public broadcasting TV host, painter Bob Ross—“Bob Ross: Happy Accidents, Betrayal and Greed”—documents how the artist’s son, Steve, now 55, was allegedly robbed of his late father’s inheritance by the artist’s business partners.
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