Should You File Taxes For an Unfinalized Estate? | AmeriEstate Legal Plan
March 01,
2022

Should You File Taxes For an Unfinalized Estate?

Like most seemingly simple questions, the answer to the question of whether you should file one or more tax returns for an estate that has yet to be finalized is “it depends.” Specifically, if and when you need to file tax returns on behalf of a decedent depends on the following:

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When Should You Create or Update Your Estate Plan? | AmeriEstate Legal Plan
February 22,
2022

When Should You Create or Update Your Estate Plan?

If you have yet to create an estate plan, you’re not alone. A recent survey of American adults revealed that, overall, only 32.9% of them have an estate plan in place. Broken down by demographics, the figures show the following:

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Prepping Your Estate for Tax Season | AmeriEstate Legal Plan
February 15,
2022

Prepping Your Estate for Tax Season

With the 2021 tax season upon us, it’s time to review all of your estate planning documents, especially your trusts. The IRS requires you to file Form 1041, U.S. Income Tax Return for Estates and Trusts, for each trust that received $600 or more in income during 2021 or that has a nonresident alien as one of its beneficiaries. The only exception to this requirement is a grantor trust.

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Do You Need an Estate Planning “Back Office”? | AmeriEstate Legal Plan
February 11,
2022

Do You Need an Estate Planning “Back Office”?

It’s a truism that we live in an age of specialization. Each professional has his or her own area of expertise, but likely knows only the basics of other professions. Unfortunately, this can result in clients receiving conflicting advice from the various professionals to whom they turn to for guidance.

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The 5 Components of Estate Planning | AmeriEstate Legal Plan
January 25,
2022

The 5 Components of Estate Planning

One of the most common reasons people give for putting off estate planning is that it’s too complicated and time consuming. While this may be true for wealthy individuals, for most of us, estate planning need not be all that complicated.

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The Importance of Assigning a Medical Power of Attorney
January 18,
2022

The Importance of Assigning a Medical Power of Attorney

When you think of the various documents inherent in estate planning, a medical power of attorney probably is not the first one that comes to your mind. Nevertheless, the importance of this document cannot be overstated. This is especially true during the new normal of the continuing pandemic caused by COVID-19 and its Omicron variant.

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Estate Planning Resolutions For the New Year | AmeriEstate Legal Plan
January 14,
2022

Estate Planning Resolutions For the New Year

It’s that time of year again. Time to make your New Year’s resolutions. Instead of resolving the same old things like losing weight or exercising more, however, why not target your resolutions to estate planning this year? Here are six ideas to get you started.

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