Downs Law Firm, P.C.
An issue that frequently arises is the treatment of an inheritance received by a spouse during the marriage. The basic rule is that any property received via gift or inheritance during the marriage is exempt from equitable distribution.
There’s a lot of prep work to complete when you’re expecting a new baby. Expectant parents have a nursery to paint, strollers to buy, doctor’s appointments to attend, and nannies to hire.
Generally, when settling an estate, debts and expenses are paid first, charitable and spousal transfers follow, and applicable estate taxes are levied afterward.
Congratulations, you have finally signed your estate planning documents. Now, where do you keep them?
Let’s face it: mortality is hard to think about, and death is impossible to plan for. What is doable, however, is getting affairs and assets in order to prevent loved ones from inheriting a headache and legal fees in the event of an incident.
Five years after John Thomas died, his family is still embroiled in a court fight over his estate.
Hospice care, which strives to relieve the symptoms and suffering caused by a terminal illness, becomes an option when a patient has been given six months or less to live. It means that choosing a hospice provider for yourself or a loved one is often a choice made under duress.
Acting as an executor can be a tremendous amount of responsibility and a time-consuming duty.
Do not put off finalizing and signing your estate planning documents just because you have reached an impasse on who to name as trustee.
A trust can be a vital component in an estate plan.
Copyright © IMS. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. Some artwork provided under license agreement.
