Downs Law Firm, P.C.
Generally, when settling an estate, debts and expenses are paid first, charitable and spousal transfers follow, and applicable estate taxes are levied afterward.
Do not put off finalizing and signing your estate planning documents just because you have reached an impasse on who to name as trustee.
Should an inheritance be spent on sports cars and jewelry?
A trust can be a vital component in an estate plan.
Unlike personal property, real property–such as real estate or automobiles–is titled to convey ownership.
Why would you leave an inheritance to a trust for a beneficiary rather than “outright” to the beneficiary? The answer is control.
