What Does the Term "Decedent" Mean?
"Decedent" is a legal term that refers to a person who has died with unsatisfied legal obligations.
"Decedent" is a legal term that refers to a person who has died with unsatisfied legal obligations.
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.
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 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.
Although estrangement can significantly impact individuals’ lives, it is not a legal term and, in many cases, might not have a legal effect.
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.
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.
Collecting art or other valuable items can be a passion for many people. Once you have accumulated a sizable collection, what do you want to happen to it after you pass away?
An executor, also called a personal representative, is the person responsible for managing the administration of a deceased person's estate.
If you want to pass money to future generations without having it subject to gift and estate taxes, then a dynasty trust may be right for you.