Blog Posts in August, 2012

The Different Types of Private Trusts

There are many different types of trusts to choose from when estate planning. When someone mentions a trust, they are usually referring to an express trust. This is a tri-party relationship in which a ...
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Give Now, Reduce Taxes Later!

If you are planning to give some of your fortune away at the time of your death, you may want to act now instead. According to Estate Planning, your estate will have to pay taxes the net value s more ...
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Probate for Business Owners: Who Will Take Over?

If you own a business, then you may want to start thinking about what will happen to your company when you make your exit in the future. It’s inevitable that somewhere in the forthcoming years ...
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Lessons to Learn from the Michael Jackson Estate Battle

The Jackson family is involved in a tense, high pressure family feud concerning the custody of the children and the future of Jackson’s sprawling Neverland estate. According to ABC News, the ...
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Estate Tax Battle in California Shows the Dangers of Clauses

The Tweten family entered a world of confusion and frustration when they were faced with a $100 million estate battle during the year of no estate tax. In 2010, there was no estate tax, this being a ...
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Retirement, Estate Planning, and Marriage After 60

If you are over 60 and looking to tie the knot again, then it may be in your best interest to include estate planning in your list of wedding to-dos. Couples that are over 60 and looking to blend ...
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The Rules of IRA Distribution

In most states, when you become 70 and a half, the April following is the day you must start withdrawing money from your IRA. IRA stands for Individual Retirement Account. This is the savings account ...
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The Types of Bequests: Which Apply to Your Will?

Did you know that there are four different types of testamentary bequests? When you are planning for the future of your estate, it’s important that you know what those bequests are and why you ...
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Is it Smart to Convert to Roth IRA?

According to new laws created by the federal government, almost everyone is now eligible to convert to Roth IRA. IRA stands for the Individual Retirement Arrangement. This is a special retirement ...
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Can you Trust your Online Trust?

Online trusts are a common and increasingly popular option as more and more people take to the internet for all of their daily needs. In our instant society, we can do our banking, bill paying, ...
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