A Guide to Purchasing Real Estate in Mexico for AmericansFor Americans buying their dream property in Mexico, it’s important to understand the differences between Mexico’s real estate system and that of the United States. It’s never safe to assume that any law or process is the same between the two systems, and oftentimes they are completely different.
All I Need Is a Will, Right?All too often I am asked this question at seminars or in response to my newspaper ads relative to Estate Planning. The Questioners have a genuine concern for their families and a realistic approach to life. Those who fail to ask this question leave their fate in the hands of someone in a black robe in a Probate Court with costs and fees to be paid by their families.
Asset Protection - Who Needs to Protect Their Assets?America has often been referred to as a litigious society, meaning that we are prone to engaging in lawsuits for even the most frivolous of offenses. Because of this, it is important to stay vigilant about protecting your assets.
Beneficiary Controlled Trust Fact SheetAs middle class estates get larger, and the divorce rate grows, more and more financial planners are utilizing beneficiary controlled trusts to pass inheritance on to future generations without loss to the beneficiary's creditors, ex-spouses, or even the IRS.
Charitable Remainder Trusts: Preserving Your EstateCharitable Remainder Trusts: Preserving Your EstateFinancial and estate planning ensure that a person's assets and property will be put to the greatest use during life, and to the beneficiary's best use after death. Too bad that studies show that relatively few people actually adopt such a plan.
Corporate Kit Estate BindersCorporate kit estate binders help to keep everything in one place. Corporate binders usually have important material related to a public or private company, which includes a minute book, share certificate, common seal, stock ledgers, etc. All of these things are kept in a well-built, turned-edge, D-ring minute book binder engraved with the company name. This is a corporate kit binder.
DEBT RELIEF HELP Provides Relief from the Burden of DebtsDebt relief help can be obtained through a variety of sources. Credit counseling, debt consolidation and debt reduction are some of them. They work towards lowering your repayment amount and thereby easing paymens for you.
Developing Your Estate PlanYou've spent years growing your wealth and building your estate, so it is just good sense to plan to protect your assets and pass them on to your beneficiaries according to your wishes. When you're ready to sit down and develop an estate plan, keep these tips in mind.
Do You Really Need A Will?A will is a document in which a person declares what they want done with their property at the time of death. This is an overview of common misconceptions about a last will and testament.
Estate PlanningEstate planning involves distributing your assets after death to such people or causes according to your wish with minimum legal complications and the least tax incidence. And estate planning is not just for the wealthy; nor is it something to be contemplated when you reach the ripe old age of eighty.
Estate Planning - Undue InfluenceOver views common means of contesting a will such as undue influence, lack of capacity, psychological domination and/or degenerated mental state.
Estate Planning - Capacity ChallengesOver views the elements of capacity used to contest the legality of a will. Looks at mental deficiency, insane delusion and mental derangement characteristics that have been used to invalidate a will.
Estate Planning - Considering a Second Marriage Late in LifeOver views estate considerations that should be accommodated as widows and widowers (with their longer life spans) increasingly meet and decide upon a second marriage. Addresses for consideration a set of unique legal questions that those getting remarried, do not often think through.
Estate Planning - Intent to Disinherit or Oversight?Over views incomplete estate planning and some laws that are in place to remedy the situation of overlooked heirs as opposed to those specifically disinherited.
Estate Planning - No Contest Clause in your WillOver views the consideration of putting a no contest clause into one’s will if they feel the will is going to be heavily contested. Additionally, advises how courts react to such a clause and suggests an alternative consideration.
Estate Planning - Protecting Your SpouseOver views advance protection measures one takes to protect their spouse when doing estate planning above and beyound joint tenancy laws.
Estate Planning - Real Property Disbursement ProblemsOver views some problems created by evenly splitting an intrest in real property between your heirs.
Estate Planning - Rules and TrusteesReviews problems associated with forming a trust such as deciding the powers which the trustee(s) have and do not have relative to the assets placed into a trust.
Estate Planning - The Life EstateOver views why the life estate is falling out of use but why it is still relevant for an estate planner.
Estate Planning - The Mortgage: To Pay or Not To PayOver views the advantages and/or disadvantages of paying off a property loan in the modern day.
Estate Planning and Your PetsYou have diligently outlined what should become of your children in the event of your death or disability. You’ve planned your estate, appointed guardians and possibly even shared your estate plan with family members and trusted caretakers. But doesn’t something feel as if it’s missing? Perhaps you need to plan provisions for what should become of your pets once you are no longer able to care for them.
Estate Planning AttorniesThere are many ‘do-it-yourself’ books and websites which purport to help with estate planning. While some of them are very informative, some are highly confusing and misleading. It’s Ok to read through them for a fair understanding of the concept, but remember that estate planning is a complex matter, involving lot of valuations and intricate tax matters, and is subject to ever-changing laws, which many of us lesser mortals may not comprehend completely. Moreover, laws differ from state to state. Therefore, though there’s no compulsion to hire an attorney, make sure to take professional help to save yourself and your beneficiaries from complications.
Estate Planning – Protecting Your Will's IntegrityOver views modern day techniques (evidence) one can present to the courts that uphold the decisions the testator dictates in their written last will and testament.
Estate Planning – The Most Common MistakesCompiled is a list of some of the most common mistakes individuals make in estate planning. Please review the list, but also plan to meet with a qualified attorney to review your unique estate.
Estate Planning for ParentsFew groups have more need of estate planning than parents. Without a plan, parents will have no say about to whom their children will go or how their children will be cared for if they are orphaned.
Estate Plans and Trusts DiscussedWe all know that we need to have our lives in order in the event of our demise because our families are so important to us. As the Death Tax slowing dies over the next many years, it behooves all of us to have estate plans and trusts set up to shield our assets from legal liabilities which can pop-up out of nowhere and also to pay the least amount of taxes to the government after we die.
Estate Tax PlanningEstate tax is the levy by the government against the taxable estate of a deceased person. Taxable estate means gross estate reduced by allowable deductions. Gross estate means total estate comprising the value of all assets owned by the deceased at the time of death. IRS determines taxable estate by subtracting from gross estate certain allowable deductions like funeral expenses paid out of the estate, debts outstanding at the time of death, estate administration expenses, charitable, marital, and deductions
How Can An Estate Plan Help Me?Do you know how your life will be divided after your death? Who will
your estate go to? Who will look after your children? With an estate
plan you decide. You are in control of your family’s security in the
event that something tragic should happen.
How to Close the Best Deal in Spokane WashintonSpokane Washinton is a very good place for real estate investment! This region is the administrative...
Intestancy: Passing Without Estate Planning - What Happens?Overviews the process of intenstancy laws when one dies without leaving a will or trust as part of their financial planning.