What to Do When a Parent Dies and You’re the Executor
Losing a parent is emotional. It can also be overwhelming for adult children when they’re the executor of the estate. Settling an estate is a
Category: Estate Planning
What to do After the Death of a Spouse
Losing a spouse can be an overwhelming and emotional experience. While it’s possible to organize financial documents ahead of time, there’s no way to truly
Inheriting a Trust Fund: Distributions to Beneficiaries
If you’re inheriting a trust fund, you likely have questions about how the distribution payouts to beneficiaries work and the tax implications. While general information
How is a Trust Different from a Will?
A will and a trust serve two different purposes. A will is a high-level set of instructions after you pass away. For example, it will
Do I Need a Trust If I Have a Will?
A will and a trust are two different estate planning tools. Consider a will like a high-level set of instructions for after you pass away.
What is a Step-up in Basis? Calculating Cost Basis of Inherited Stock or Other Assets
Updated for 2024. A step-up in basis is a tax advantage for individuals who inherit stocks or other assets, like a home. A step-up in
Should Married Couples Use Joint or Separate Trusts?
Revocable or living trusts play an important role in many estate plans. Married couples utilizing trusts in their estate plan need to consider if it’s
Should I Put My Assets in a Trust?
Choosing whether to fund a trust with your assets is an important decision in the estate planning process. Since a trust is different from a
You Probably Don’t Need Life Insurance Forever
Life insurance is often an essential part of a family protection plan ‘in case of.’ Though there are many reasons to have life insurance, such
That’s Terrible…But It Would Never Happen To Me: Real Life Estate Planning Nightmares
Estate planning is the process of preparing wills and other legal documents to distribute your assets and make arrangements for your wishes to be carried out in