We understand the fact that the average layperson is probably not going to know a whole lot about estate planning. For this reason we have developed a series of informational reports that we offer to our readers here in South Carolina absolutely free of charge. The report that we are providing access to at the current time is our treatment of the subject of trust administration. When you start a revocable living trust to arrange for future asset transfers to your heirs you are taking an … [Read more...] about Our Series Continues: Download Your Trust Administration Report
Net Worth Statement Invaluable When Calculating Estate Tax Exposure
There is an old Kenny Rogers song that gives out some free advice: "Don't ever count your money, when you're sittin' at the table." This strategy may be good for gamblers, but it is something to avoid when it comes to estate planning. The estate tax can do a lot of damage to your financial legacy. Not everyone is exposed to the tax, but if you are you must work with an experienced estate planning attorney to take steps that provide estate tax efficiency. How is tax responsibility evaluated? … [Read more...] about Net Worth Statement Invaluable When Calculating Estate Tax Exposure
Put Estate Planning Procrastination Behind You in 2013
Every time a new year rolls around people decide to take certain positive steps as they experience a sense of renewal. With this in mind we would like to encourage anyone who is going forward without an estate plan to make this the year that you finally take the appropriate actions. It does not take much to arrange for a consultation with an estate planning attorney. The investment that you make in the present can save your family members a lot of time, trouble, and money later on. A lot of … [Read more...] about Put Estate Planning Procrastination Behind You in 2013
The Benefits of Stretching an IRA
When you want to be prepared for the future starting and contributing into an individual retirement account can be a good idea. In addition to an IRA's use as a way to generate resources for retirement such an account can also be a good estate planning tool if you want to gain tax efficiency as you set aside resources for the benefit of succeeding generations. You may begin contributing into a traditional individual retirement account with the expectation of needing these funds yourself … [Read more...] about The Benefits of Stretching an IRA
Bring Your Representative up to Speed
The majority of Americans have not executed all of the proper estate planning documents, and this is a disturbing fact. But even if you do have a last will in place along with your advance health care directives there are other things to address. One of them is the choice of someone to act as your representative in the event of your incapacitation or death. If you are using a last will the executor or executrix would be this representative. The first thing to do once you have identified who … [Read more...] about Bring Your Representative up to Speed
Judgment Handed Down in Hemsley Case
Celebrity estate planning news is always of interest to people, and we have been keeping a close eye on the dispute that has surrounded the Sherman Hemsley estate. You may recall that Hemsley, the comedic actor who portrayed George Jefferson on the classic sitcom The Jeffersons, passed away back in July. Unfortunately he was not promptly laid to rest. A fellow named Richard Thornton challenged Hemsley's will and the matter was hung up in probate for months. There was a last will executed by … [Read more...] about Judgment Handed Down in Hemsley Case
Our Report Explains Dangers of DIY Estate Planning
The process of estate planning is something that should be undertaken with the benefit of professional guidance. There are some things that you can do on your own with a little bit of information that you obtain over the Internet, but executing legally binding documents is not one of them. Unfortunately there are those who look for easy answers. If you are among this group you will be able to find websites that sell generic last will documents. The suggestion is that you just fill in the blanks … [Read more...] about Our Report Explains Dangers of DIY Estate Planning
Obtain Your South Carolina Estate Planning Report
Far too many families find themselves in difficult situations due to a provider's lack of long-term planning. There are a number of reasons why so many individuals do not take action to put an estate plan in place. One of them is the simple fact that they don't understand some of the consequences that go along with a failure to prepare for the future. To help people gain an understanding of estate planning, all that it entails, and why it is important we have prepared a report. We are offering … [Read more...] about Obtain Your South Carolina Estate Planning Report
Paving the Way for Your Grandchildren
When you are planning your estate there are going to be different people on your inheritance list who are going through different stages of life. The ages of the people that you are leaving inheritances to can help dictate how you should proceed with regard to each individual. When it comes to grandchildren you have various options. If you are interested in leaving behind resources for minor grandchildren you could give gifts in trust. If you go this route you could utilize the $13,000 annual … [Read more...] about Paving the Way for Your Grandchildren
Consult With Your Attorney Before Remarrying
Once you have been able to accumulate a significant store of financial resources you must be very diligent about preserving your wealth. If you engage the services of a good financial planning attorney you always have the support that you need when you have questions. Your attorney will gain an understanding of your situation and give you ongoing advice as you take steps to protect and build on the financial foundation that you have been able to put in place. With the above in mind life events … [Read more...] about Consult With Your Attorney Before Remarrying
