How Much Does It Cost To Set Up a Living Trust? | AmeriEstate Legal Plan
February 23,
2024

How Much Does It Cost To Set Up a Living Trust?

The most common choice you have when setting up an estate plan is the choice between a will and a living trust. A will triggers probate unless your estate falls below a minimum threshold of value. In many states, the minimum threshold is about $50,000.

Read more


Estate Planning Myths | AmeriEstate Legal Plan
February 20,
2024

Estate Planning Myths

Myth 1: Estate Planning is only for the Wealthy Truth: Estate planning is for everyone, regardless of their financial status. […]

Read more


How Does a Blended Family Estate Plan? | AmeriEstate Legal Plan
February 14,
2024

How Does a Blended Family Estate Plan?

In the United States, nontraditional families, including blended families with stepparent or stepchildren relationships, now outnumber traditional families. Despite this […]

Read more


Understanding the Step-up in Basis for Assets Acquired from an Inheritance | AmeriEstate Legal Plan
February 13,
2024

Understanding the Step-up in Basis for Assets Acquired from an Inheritance

When it comes to inheriting assets, a critical concept that can profoundly affect your financial situation is the step-up in basis. This term pertains to the adjustment in the tax cost basis of inherited assets to their fair market value at the time of the original owner's death. A clear comprehension of the step-up basis is vital for heirs and beneficiaries, as it can have significant implications for capital gains taxes when an asset is sold. 

Read more


What Should You Not Put in a Living Trust? | AmeriEstate Legal Plan
February 12,
2024

What Should You Not Put in a Living Trust?

When you create a living trust, it’s often tempting to try to shelter everything you own by putting all your most valuable assets in it. A revocable trust offers numerous benefits, protecting you from creditors while you live, giving you control over your assets, and offering flexibility in how you distribute your assets after death. It also protects your privacy and saves your beneficiaries from the probate process.

Read more


Heir vs Beneficiary: Who Has Greater Right to Your Estate? | AmeriEstate Legal Plan
January 31,
2024

Heir vs Beneficiary: Who Has Greater Right to Your Estate?

The distinction between an heir and a beneficiary is crucial in understanding their roles in estate planning. In the context of rights to an estate, heirs' entitlements are explicitly outlined under a Trust or Will. In cases where there is no formal Estate Plan, heirs are legally recognized as the next of kin, granting them rights to inherit property and assets in the absence of a Will or Trust. The succession order, dictated by state law, typically follows a pattern of spouse, children, descendants, and close relatives.

Read more


How to Leave an IRA to Your Heirs | AmeriEstate Legal Plan
January 30,
2024

How to Leave an IRA to Your Heirs

When it comes to estate planning, retirement assets, particularly Individual Retirement Accounts (IRAs), often constitute a significant portion of a deceased individual's estate. Unfortunately, these retirement accounts are also prone to estate-planning errors, exacerbated by recent changes in the rules governing distributions for inherited IRAs. Amidst this complexity, if you wish to leave your IRA to your heirs, there are crucial considerations to bear in mind.

Read more


January 09,
2024

Does the Bank Need a Copy of Your Trust?

One of the benefits of setting up a trust is to keep your financial affairs private. At AmeriEstate, we often field questions from our clients about how trusts work. We get a recurring question: "Why does the bank need a copy of my trust?” Typically, the question arises after they create their trust and attempt to move bank accounts into the trust, resulting in the bank asking for trust documents to proceed.

Read more