Can Probate be Avoided?
December 8, 2023
Executors often find that the probate process can be both time-consuming and expensive. Planning strategies exist that may eliminate or reduce the requirement of having assets probated.
Executors often find that the probate process can be both time-consuming and expensive. Planning strategies exist that may eliminate or reduce the requirement of having assets probated.
Explore these questions to know if you are financially ready for death. Learn essential end-of-life considerations.
What happens if you don’t come home tomorrow?
Most people don’t have any idea.
It shouldn’t be a surprise. Nobody wants to think about their death and who wants to spend money today to prepare for that depressing inevitability?
Who can skip buying life insurance, and who should probably consider having it.
If you’ve ever thought about what kind of funeral you’d like to have, you might be interested in planning it yourself — or even paying for it while you’re still alive. In fact, experts say it can be a smart financial decision.
To get a better grasp of your financial health, it might help to ask yourself a few key questions—consider this a self-assessment of your financial health.
Here are seven more reasons to consider using a trust in your financial planning.
Providing children with spending money is just one use of a family trust. Here are seven reasons why you might consider setting one up.
Adding a child’s name to your assets won’t accomplish your goal of reducing capital gains tax.
In 1936, the Duke of Westminster structured his affairs to allow for a deduction of an amount paid to his gardener that would otherwise not be deductible. The British tax authorities of the day didn’t like it, but the judge, Lord Tomlin, ruled that, “every man is entitled…to order his affairs so that the tax..is less than it would otherwise be.”
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