What Does the Term "Decedent" Mean?
"Decedent" is a legal term that refers to a person who has died with unsatisfied legal obligations.
Support a Charity – and Your Loved Ones – With a CLAT
A charitable lead annuity trust (CLAT) is an estate planning tool whereby a person creates a trust that initially benefits a charitable organization, foundation, or other qualifying entity for a defined period.
Will Medicare Pay for Housekeeping Services?
Coverage of housekeeping services can depend on several factors.
After a Dementia Diagnosis: Preparing for the Future
Fortunately, receiving a diagnosis of dementia or Alzheimer's does not mean that you cannot execute legal documents or make decisions about plans for your future finances and health care.
Pros and Cons of a Medicaid Asset Protection Trust
A MAPT is one option a person may use to protect their assets from Medicaid and nursing homes or long-term care. Consider some pros and cons of MAPTs to see if this long-term care strategy is right for you.
IRS Raising Annual Gift Tax and Estate Tax Exclusions in 2023
Although inflation is generally nothing to be pleased about, the IRS recently announced inflation-adjusted changes to the annual gift tax annual and estate tax exclusions for 2023. If you are considering wealth transfer tax planning, these are welcome increases.
Totten Trust Can Protect Your Money for Your Loved Ones
Totten trusts, or payable-on-death bank accounts, are an estate planning tool that allows you to transfer money to a chosen person upon your death.
What Does It Mean to Be Estranged?
Although estrangement can significantly impact individuals’ lives, it is not a legal term and, in many cases, might not have a legal effect.
What You Should Know About Required Minimum Distributions
Required Minimum Distributions (RMDs) are the minimum amounts a retirement plan account owner must take out each year. It is the responsibility of each retiree to take out the correct RMD from their retirement account each year.
How to Deal with an Estranged Child in Your Estate Plan
Unfortunately, not all families get along. If you are having problems with one of your children, you may not want them to benefit from your estate. There are several strategies for dealing with an estranged child in your estate plan.