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Your estate plan can protect your family after you are gone by distributing your assets in the manner you see fit. Living wills are components of estate plans that protect you while you are still alive. Because they play such an important role, you must create a...
For many people, the term estate planning refers to a somewhat vague concept that deals with individuals who have great wealth. In reality, though, estate planning benefits nearly all families and refers to the precise legal administration of a person's assets in life...
Your primary home in one state and vacation home in another must go through separate or ancillary probate in their respective states before transferring to your beneficiaries after you die. A QPRT or qualified personal residence trust may help your heirs avoid the...
An estate plan can help you prepare your affairs and give you a place to provide instructions for your surviving family members. Seeing that your plan unfolds the way you intend will require some help. Carefully selecting your estate plan participants can give you...
If you invest in real estate, you may wonder how best to grow your investments. Perhaps you will decide that starting your own real estate investment company, also known as a holding company, is the best option. Additionally, forming a holding company for your...
Putting together your estate plan can help you protect your interests and make your wishes known regarding your assets. But many people have yet to take this important life step. According to a survey conducted by Caring.com, only 4 out of 10 people in the U.S. have...
Business owners searching for commercial real estate space in New York City have options to choose from. Before signing an agreement, some due diligence could help decide whether to buy or lease a property. As noted by Millionacres.com, commercial property...
Regardless of your age or financial status, you must have a solid, legally binding estate plan in place. According to Kiplinger, it is equally important to avoid certain estate planning mistakes when making decisions. Keep in mind, your estate plan not only protects...
If a person who dies owns property in a state other than the state that person lived in, the estate may need to go through an additional probate proceeding known as ancillary probate. Because the probate process can not finish until all ancillary proceedings finish,...
As part of their estate plans, many people choose to also prepare for incapacitating illness or injury. To this end, they sometimes appoint health care proxies. A chosen personal representative, a health care proxy makes medical decisions on behalf of a grantor when...