Tax Planning
· Why should I do estate planning—don’t I have a duty to pay tax to my country? Consider a concept called the “hand of taxation.” Count the fingers on one…
· Why should I do estate planning—don’t I have a duty to pay tax to my country? Consider a concept called the “hand of taxation.” Count the fingers on one…
· How much property can I leave to my spouse without my estate having to pay federal estate tax? The federal estate tax law permits leaving an unlimited amount to…
· What is a joint revocable living trust? A joint revocable living trust is a single trust created by a married couple that addresses each spouse’s wishes as to his…
· Why can’t I just give my property away while I’m living? There are several reasons. First, by giving your property away, you give up control of your property. Regardless…
What Is a Revocable Living Trust? “The revocable living trust is established by a written agreement or declaration that appoints a trustee to manage and administer the property of the…
· What is beneficiary-designation property? While you may have title to certain assets in your individual name, the very nature of an asset may dictate to whom it will be…
· What is a living will? A living will, or advanced medical directive, is a legal document which directs your physician to discontinue life-sustaining procedures if you are in a…