If you are going through the estate planning process, you may find it confusing. There are several options available to you, so this is natural. Many people wonder whether they should have a will, or trust, or both.
If you are considering a deferred sales trust, it is vital that you understand the relationship between capital gains tax and the deferred sales trust. In many situations, a deferred sales trust is a great way to avoid losing a lot of money to capital gains tax, but to reap the benefits you must engage in careful estate planning.
When estate planning many people wish to use their assets to help fund their favorite charities, in addition to providing for their families and loved ones. Donating can make a lasting impact on charities and you and your family can also reap tax benefits. The most popular variety of charitable trust is a charitable remainder trust.
If the total estate, including assets held personally or in trust which exceed the exemption, then the estate will be subject to estate taxes of approximately 40% of all assets that exceed the exemption.
The novel coronavirus (COVID-19) pandemic has made many parents even more anxious about their children's welfare than usual. Children may be […]
By: Thomson Reuters, AmeriEstate Legal Plan, Inc. In an era of uncertainty, you can count on one thing: Time marches on. […]
By: Greg Reese, President & CEO, AmeriEstate Legal Plan, Inc. The Setting Every Community Up for Retirement Enhancement Act, better […]
You can expect your life to change in significant ways when you marry for a second (or subsequent) time. As with […]
We are all about celebrating life here in Costa Mesa. But tending to our end-of-life affairs? Um, raincheck! It’s hard enough […]
Certain self-created intangible assets no longer qualify as capital assets under the Tax Cuts and Jobs Act (TCJA). As a result, […]