Estate Planning for Singles
June 30, 2021
If you don’t have a spouse and children, you might not think you need to do any estate planning—but that’s not the case.
Downs Law Firm, P.C.
Trusts
How Does a Will Contest Work?
June 16, 2021
The death of a loved one results in an emotional grief that, when combined with large sums of money on the line, can cause the beneficiaries of the will or trust or the heirs of the deceased to challenge the validity, interpretation, or administration of the will or trust.
What Will Be Your Legacy?
December 7, 2020
Your legacy is what you leave behind: What people will remember about you and receive from your life? Legacy planning is about fostering your relationships and passing on what is most important to you for your loved ones.
What Needs to Happen after a Spouse Dies?
September 24, 2020
The list of things you need to do after someone dies can seem endless, especially during a time when you are also grieving.
Inherited IRAs Require Careful Handling
August 27, 2020
One wrong decision can lead to expensive consequences, and good luck trying to persuade the IRS to give you a do-over.
What Should I Know about Beneficiaries?
August 11, 2020
When you open a financial account, you’re often asked to name a beneficiary. Simply stated, a beneficiary is someone who is entitled to the benefits of the account on the death of the account holder. For example, if you’ve purchased life insurance, you name a beneficiary who receives the benefits of the policy when you pass away.
Handling Inherited Investments?
February 20, 2020
Receiving an inheritance can be a double-edged sword. On the one hand, it’s overwhelming, thanks to the intense emotions associated with losing a loved one combined with the confusion about what to do with the newly acquired assets. On the other, an inheritance can re-invigorate your finances and create new opportunities for you and your family.
Who Pays Your Credit Cards When You Die?
September 16, 2019
Unfortunately, credit card debts do not disappear when you die. Your estate, which includes everything you own–your car, home, bank accounts, investments, to name a few–settles your debts using these assets.
Can Liz Hurley’s Son Inherit Grandfather’s Trust Fortune?
August 29, 2019
Liz Hurley’s son Damian has won a legal fight against his grandfather who tried to cut him out of his inheritance.
How Should I Choose a Trustee?
July 18, 2019
Do not put off finalizing and signing your estate planning documents just because you have reached an impasse on who to name as trustee.
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