Estate Planning: An At-a-Glance Overview
Estate planning entails preparing your affairs for the future. While older adults might give more thought to estate planning, it is an essential tool at any age.
Read more
What Is a Qualified Personal Residence Trust (QPRT)?
The basic idea behind a QPRT is to transfer the equity in a qualified residence out of a person’s estate and to their heirs while reaping lower transfer tax consequences.
Estate Planning Basics: What Is a Beneficiary to a Will?
People create wills to establish what happens to their money and assets when they pass away. In these documents, they can name beneficiaries – individuals who will receive those assets upon the person’s death.
Estate Planning Basics: What Is an Executrix?
When people make wills, they nominate someone to handle their estates and carry out their wishes after passing away.
What Does Having Power of Attorney With Dual Agents Mean?
A power of attorney is among one of the most important incapacity planning documents you can have. It designates someone you trust with taking care of your affairs if you become unable to do so.
In a power of attorney,…
Estate Planning: 3 Things to Know About Being an Executor
Choosing an executor is a big decision when it comes to estate planning. Here are three common questions about executors.
Who Can Override a Power of Attorney (POA)?
Powers of attorney can be overridden. However, the “who” and “how” depends on whether the principal is of sound mind.
Appointing an Executor? Here’s What an Executor Cannot Do
If you are preparing a will, it is important to choose an executor you can trust, who is reliable, and who will take their role seriously. As part of your decision-making, you may also consider the things they would be prohibited from doing.