Some people do not understand why you would need an estate planning lawyer. How hard is it to express how you want your assets to be distributed in a will? In reality, there is a lot more to it, and we will provide an explanation in this post. Protect Your Young Family As a layperson, […]
estate tax
Similar Estate Planning Terms Can Be Confusing
Estate planning can be more complicated than you think. When you try to figure it out for yourself, you may make assumptions that are incorrect because of misunderstandings. Some of this stems from the fact that there are terms that sound very similar. It is easy to assume that they are different ways to say […]
Five Things You Need to Know About the Gift Tax
The federal estate tax was established in 1916, and at that time, people would give gifts while they were living to avoid the tax. This worked until 1924, but at that time, a gift tax was enacted to close the window of opportunity. It was in place for two years, and it was repealed. Once […]
Will My Estate Be Taxed?
When an estate is being transferred, the inheritors are receiving income in a sense, so people have questions about income taxes on bequests. In addition to this situation, you may have heard about estate taxes and inheritance taxes. All this can get pretty confusing, and in this post, we will provide the facts so you […]
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