Many families purchase life insurance to protect their income. This protects the family’s source of income which would otherwise end due to the death of the parent.
Category Archives: Heirs
28
Aug
Aug
Part 2 in a 2-Part Series Low Interest Rates & Estate Planning Last week, we began a two-part series about how to share your wealth through estate planning. To read part one in the series, click here. This week, we conclude by examining other options for sharing your wealth. We examine charitable gifts, including intrafamily loans.
21
Aug
Aug
Your attorney can design the trust to pay the grantor a stream of income at least annually and over a specific term of years. At the end of the specified term, payments end.
Assets, Estate Planning, Heirs, Trusts, Wills
Why Your Heirs May Receive a Smaller Inheritance Than They Expect
14
Aug
Aug
Often, family members “lawyer up” and settle in for a long, drawn-out court battle. In such cases, attorney fees often spiral into the tens and even hundreds of thousands of dollars.
Estate Planning, Estates, Heirs, Inheritance, Uncategorized
Why Your Heirs May Receive a Smaller Inheritance Than They Expect
07
Aug
Aug
Depending on the size of the estate and the nature of the accounts and property held by the estate, these expenses reduce the final amount available for heirs or beneficiaries.