Since an estate can’t be distributed to beneficiaries until the will goes through probate, the duration of the probate process directly impacts beneficiaries. When a loved one passes away and leaves behind a last will and testament, there are vital steps that are required to be taken for the will to be probated and its…
What is the difference between an estate tax and an inheritance tax? And should you be worried regarding the consequences of either through your estate plan? Should you be concerned regarding a federal inheritance tax as a portion of your estate plan? This post is going to explain the fundamentals of the Federal Estate and…
You’ve appointed a primary beneficiary for your living trust. However, have you thought about selecting a contingent beneficiary too? Find out more of the advantages of having a contingent beneficiary for your trust. Living trusts, also called revocable trusts, are vital devices for estate planning. When you devise a living trust, you, being the trust’s…
