Even if you've long expected it, receiving an inheritance can be somewhat disorienting — particularly if it's a large windfall that could alter your current standard of living....
Estate Planning
Joint Ownership: Estate Planning Do or Don’t?
Estate planners often tout the virtues of owning property jointly — and with good reason. Joint ownership generally offers several advantages for surviving family members. But...
A Buy-Sell Agreement Can Promote Your Estate Plan’s Objectives
If you own a closely held business, you're probably familiar with the protections provided by buy-sell agreements. But do you know how important these documents can be to an...
A Closer Look at Durable Power of Attorney
As the COVID-19 pandemic taught many Americans, serious illness may strike at any time and any age. Of course, in ordinary times, older Americans are at risk of becoming...
When It Comes to Trusts, Silence May Be Golden
The idea of leaving a significant inheritance to your children or grandchildren may give you pause. Could the promise of wealth make your heirs act financially irresponsible or...
Overview of Real Estate Depreciation Changes
The Tax Cuts and Jobs Act (TCJA) included several favorable changes to the federal income tax depreciation rules for real estate. However, one intended change didn't make it into...
What’s Involved in Being an Estate Executor?
If you're asked to serve as the executor of an estate, think carefully about the decision before accepting the position. Acting as an executor or administrator of an estate can...
How the New Audit Rules Will Impact Estate Planning
Future changes to partnership audit rules will impact estate planning. Typically, one would not assume these changes would impact estate planning, but it does considering many...
Q&As about how the executor collects and distributes the assets in an estate
In the days after a person dies, some family members may decide to take matters into their own hands. These individuals may have a key to the home and decide they are going to...