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.
The ex-husband of Amy Winehouse is making a $1.4 million legal claim on her estate —eight years after her death.
Liz Hurley’s son Damian has won a legal fight against his grandfather who tried to cut him out of his inheritance.
Acting as an executor can be a tremendous amount of responsibility and a time-consuming duty.
A trust can be a vital component in an estate plan.
Your estate plan isn’t finished just because your attorney has drawn up a will. Proper asset titling is the next step.
Transfer on death (TOD) accounts (also known as Totten trusts, in-trust-for accounts and payable-on-death accounts) allow spouses to pass small estates in a simple, convenient way.
There’s a misperception that estate planning is only for the ultra-wealthy.
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