Downs Law Firm, P.C.
Receiving an inheritance can be both a blessing and a source of stress. Knowing the proper steps to take can help you preserve and grow your newfound assets, while avoiding common pitfalls.
Everyone needs an estate plan, and when you understand what a trust does, your plan should probably include one, at least conditionally.
It turns out it’s not just in the movies that you can get a huge inheritance from that uncle you never knew about.
The oldest son of Anne Heche has filed a petition to assume control of the late actress’s estate.
Even Consumer Reports suggests working with an experienced estate planning attorney to make sure documents are correctly prepared.
A spendthrift trust allows you to leave funds to a beneficiary without giving them full control over those funds.
Dealing with the loss of a loved one is never easy. When inheritances, homes, estates and mortgages are involved, tensions can run high within a family. It is easy to get lost in the paperwork and terms.
Your dad bequeathed you a generous sum of money on his passing. Those gifted and inherited assets, in many instances, will be considered ‘separate property,’ not marital property. That might mean that they might not be subject to division, if you divorce. However, perhaps you want to backstop that hoped for result to make the protection more likely to stick if your marriage doesn’t work out.
Here are some important parts of your estate plan that should be reviewed.
Leaving behind a huge tax bill for your heirs with the stretch IRA scuttled? Here are some ways around it as lawmakers consider an updated SECURE Act.
