Posts filed under 'Estate Planning'
Tip! Remember, estate planning is not a one-time affair. Any change in your marital status, death of beneficiaries, a birth of a child, or changes in the law will require a review of the plan.
Ronald E. Hudkins, U.S. Army, SFC, Military Police Corps. (Retired) and President of American Industry Maintenance (AIM), LLC at AssetProtectNow.com addresses the importance of estate planning regardless of age.
Young people just starting out in life may think that estate planning is not a high priority. However, according to a leading expert in the field, it’s never too early to consider how vital this step is to prudent financial planning. Ronald Hudkins of AssetProtectNow.com offers advice on the subject.
This is a preview of
Covenant elder estate planning – Estate Planning – You’re Never Too Young
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Read the full post (495 words, estimated 1:59 mins reading time)
February 8th, 2008
Tip! It is very important to identify the real definition of the term ‘estate’ before someone can really perform estate planning. Estate means all the properties a person owns or has control of.
It isn’t just the US Government waiting out there to grab a chunk of your hard earned estate when you become incapacitated or die. Strangely enough, state coffers are frequently enlarged through the mechanism of Medicaid. When someone requires long-term care in a nursing home, unless he or she has a private long-term care insurance policy, their whole estate may belong to the state when they pass on.
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Estate Planning – Protecting Your Assets from the State (Estate planning for singles)
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Read the full post (778 words, estimated 3:07 mins reading time)
February 5th, 2008
Tip! You can do what many famous people did not think of: Avoid the publicity, expense, and time delays of the probate process through the use of a Trust. A qualified estate planning attorney can help you set up an estate plan that will keep your affairs from being everybody’s business.
If you’ve ever read People, US, or Entertainment Weekly or watched any of the similar television shows, you might be interested to know how some famous celebrities left their assets upon their deaths. If they left a Will and not a Trust, you can find out: It’s public record. That’s right, you can go right to the courthouse and see their Wills for yourself!
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Freeware estate planning software – Celebity Estate Planning
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Read the full post (139 words, estimated 33 secs reading time)
January 30th, 2008
Tip! But estate planning is more than a method to avoid or reduce estate taxes. Many young families might be surprised to learn they should think about estate planning now.
Not too many years ago life insurance was considered to be the indispensable platform upon which all other estate planning efforts should be based. In fact, for those in the median and lower income ranges, it was often the only recognized method for protecting one’s heirs, particularly in the event of untimely death. However, over the past twenty or so years, the concept of financial planning has changed considerably. The proliferation of varied retirement plans available through work (IRAs, SEPs, SARSEPs, mutual funds, etc) has changed people’s perspectives about the need for life large life insurance policies.
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Estate planning lawyer – Estate Planning – What About Life Insurance?
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Read the full post (330 words, estimated 1:19 mins reading time)
January 21st, 2008
Tip! There are several ways in which estate planning can be done. For instance you can make wills (living wills are even helpful within your lifetime), plan your funeral arrangements, life insurance and other directives.
An estate plan can be designed by clients and their professional advisors to achieve the client’s personal and financial objectives. Or, it can be an arrangement imposed upon survivors by state intestate succession laws if someone dies with
Tags: southern illinois estate planning, retirement and estate planning, estate planning certification courses, lilley estate planning, estate planning for singles, free estate planning
Permanent link to this post (97 words, estimated 23 secs reading time)
January 18th, 2008
Tip! So estate planning is more than leaving your grandmother’s watch to your daughter.
There is often confusion, that estate planning is something only rich people or people in their later years need to take care of. This is a real problem because almost everyone but the very poor needs Estate Planning. Wherever you live in the United States, and if you own anything worth over $30,000, including personal things worth nothing to anyone, but you or your family, you will be subject to probate, left to the state to decide who will get, what ever there is. Property, Investments or even a photo album. Put some times aside and do some planning and save yourself a lot of grief and a ton of money in court costs and taxes.
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Estate Planning & (Free canadian estate planning forms) Living Trust Information
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Read the full post (645 words, estimated 2:35 mins reading time)
January 12th, 2008
Tip! The government has also encouraged the passing of a business from one generation to the next with several favorable estate and gift tax rulings. Estate planning attorneys have utilized IRS ruling 5960 to minimize the estate and gift tax owed for a business either gifted to or inherited by the next generation.
Sitting down with a financial advisor to plan the transfer of all of your personal assets upon the event of your death to your chosen beneficiaries is called estate planning. Successfully planning your estate with a professional ensures that your assets are transferred to your chosen beneficiaries as quickly and with as minimal tax consequence to them as is legally possible.
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California estate planning software – Why, What and When You Need Estate Planning
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Read the full post (672 words, estimated 2:41 mins reading time)
January 8th, 2008
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