There’s no doubt that you’ll retire someday. When you do, you obviously will need sufficient income on which to live. But where will this money come from? The answer to that would be Save For Retirement Week, which is also known as National Retirement Security Week.
National Estate Planning Awareness Week is almost here! This year, it’s Oct. 19-25. Yes, the U.S. House of Representatives really did establish this “holiday” back in 2008 via House Resolution 1499 after discovering that not only do over 120 million Americans lack an up-to-date estate plan but also that two-thirds of older Americans say they don’t feel they have sufficient knowledge to establish one.
At AmeriEstate Legal Plan, we know how important effective estate planning is to your future security and that of your family. Therefore, we established our attorney network of experienced estate planning and elder law professionals in 1998 and dedicated ourselves to providing high-quality products and services to Americans across the country. Since then, we are proud to say that we have provided personalized estate planning and asset protection services to more than 40,000 clients.
Thinking about incapacitation is rarely pleasant, but preparing for the unexpected is a necessity. If you fail to plan properly for potential incapacitation, it is possible that the courts or well-meaning family members may interfere with your wishes. Thus, you run the risk of everybody not acting in accordance with your desires.
Understanding capital gains tax is critical when dealing with appreciated assets. In the event that you sell anything for more than what you bought it for, you will need to report this capital gain to the IRS. In turn, the IRS will levy taxes against the gains.
In September we celebrate both Grandparents Day and National Assisted Living week. In honor of the elder members of our society, we encourage everybody to take a step back and appreciate all that our senior community members provide in terms of experience and wisdom. We also encourage you to take this time to evaluate your (or your loved one’s) current legal and estate plan status.
Did you know that business formation across the United States soared during the second half of 2020? If you're interested in starting your own company, make sure you follow some essential steps.
Managing large sums of money and property ownership can be difficult. In the case of sisters Rosalyn and Sarah, a divorce settlement turned into a difficult legal situation before an irrevocable trust arrangement saved the day.
Having a child head off to college is a time of great pride and uncertainty. If your child is going to school non-locally or out-of-state, you might have anxieties about him or her being so far away from home. However, distance isn’t the only thing that college parents have to worry about; they also have to deal with the fact that their children are becoming legal adults.
The boilerplate advice for creating an estate plan is equality. If you have multiple adult children, an estate divided unevenly can sow seeds of discord. It is not unusual for families to suffer divides after the death of a parent if one of the beneficiaries feels as though the estate plan was unfair.