Estate planning

Creating an estate plan remains one task every individual should complete, regardless of how much or how little they have in terms of assets. The plan serves to distribute these assets according to the wishes of the deceased and to ensure items arrive in the right hands. Many couples prepare this plan together, yet fail to make changes in the event they divorce. In addition, individuals need to understand what happens in the event they pass away before the divorce is finalized. It's best to speak

Creating An Estate Plan? 3 Questions To Ask Before You Do It Creating your personal estate plan may feel overwhelming. You will need to select who your belongings will go to, which is a challenge in and of itself since you must consider the feelings of others. The nature of estate planning can even cause you to forget key things that you should be doing. Be sure to ask these 3 questions to make sure you’re covered. What Are Your Current Debts? Many people do not realize that their debts are what

RUNNING AN ESTATE PLANNING PRACTICE THUA G. BARLAY BARLAY LAW GROUP LLC CONYERS, GEORGIA Disclaimer: The material in this presentation has been prepared by Barlay Law Group LLC and is general background information about that practice current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this presentation, including any information, should not be considered as advice or recommendations to anyone in relation

An estate planning attorney is a lawyer who specializes in helping clients get their affairs in order. This may be driven by a mental disability or to simplify the client's affairs in case they die. Estate planning requires more than just making a last will and testament. It is up to this attorney to help mitigate estate taxes, create living trusts and protect the client's assets from creditors after their death. While it costs money to hire an estate planning attorney, these lawyers can help save

Estate planning, in imperative part to provide your family a secured future. Life is full of uncertainties. Hence, future planning is necessary. The estate includes your wealth, assets, property and all that you have earned in your entire life. People often ask what exactly estate planning is? It refers to the process of estimating and organizing for the disposal of an individual's estate during its lifetime. Estate planning is making an advance plan to avoid future uncertain situations after your

adults do not make estate planning a priority. While most agree that estate planning is important, the misconception is that it is too complicated or expensive. The majority do not know that they are indirectly involved in estate planning by enrolling in a pension plan at work and choosing their beneficiary. This paper will examine a simple form of estate planning through different employer benefits and qualified plans; analyze why employer benefits should be considered in estate planning; determine the

five levels of estate planning is a systematic approach for explaining estate planning in a way that you can easily follow. Which of the five levels you need to complete is based on your particular objectives and circumstances. Level One: The Basic Plan The situation for level one planning is that you have no will or living trust in place, or your existing will or living trust is outdated or inadequate. The objectives for this type of planning are to: o reduce or eliminate estate taxes; o avoid

Title: Estate Planning For the Elderly Course: TAX 6405-Gift, Estate, and Trust Taxation Table of Contents * Introduction * Power of attorney * Trusts * Wills * Joint ownership of assets * Lifetime gifts * Long term care insurance * Conclusion Introduction You may have heard a phrase like, “70 is the new 50.” There are large numbers of seniors living into their 80s and 90s. Estate taxation and planning has become a bigger concern, especially for baby boomers

Estate planning must be on your to-do list the moment you retire, if not before. By doing this, you are protecting the assets that you have worked hard to build over your lifetime. And through estate planning, you can make sure that you have complete rights over your property and assets while you are alive and leave it to an appointed heir after your death. Estate planning comprises of preparation of one or more Wills, Trusts, Powers of Attorney (POA), etc. Since these are highly technical legal

Guide: Estate Planning Ability to provide for your loved ones after you are gone is an opportunity, not just for the wealthy, but also for those with modest possessions. You do this by organizing for the expenditure of your assets - estate planning. This safeguards your family, helps you to accomplish your goals and perpetuate your values. It can be a way to make a lasting contribution to those associations that have made a major and positive impact in your life. To generate a reliable and all-inclusive