Estate Planning for International Customers: Three Traps for the Unwary

International clients living in the United States face a number of Estate Planning difficulties. For the unwary, a lack of planning can cause disaster. In this article, attorney John C. Martin goes over 4 traps for the unwary migrant who travels through, lives, or operates in the United Sates. Estate Planning for International Customers: 3 Read more…

Reverse Home mortgages Need To be the Last Hope for Senior People

Reverse home mortgages may not be as advantageous to seniors as one may think. Discover more about the associated threats before getting a reverse mortgage. Elderly people and seniors ought to not be taken in by ads extolling the advantages of reverse mortgages. Reverse home mortgages can actually be bad for seniors and seniors. A Read more…

Probate: Public, Expensive and Time Consuming

Traditionally individuals tend to believe about estate planning as the practice of drawing up a last will. They assume that alternate cars of property transfer, such as trusts, are only something that the wealthy ought to think about. This is really not the case because there are a variety of pitfalls included in utilizing a Read more…

Deathbed Will

A Deathbed Will is a Last Will Testimony that is produced and performed when the testator (the person distributing his/her property) is facing imminent death. There are several legal concerns associating with a deathbed Will which can weaken the purpose of the Will.As a result, it makes sense not to wait till the last moments Read more…

Stieg Larsson– Another Example of Why Estate Planning is So Essential

In case the name does not ring any bells offhand, Stieg Larsson is the author of the awarding winning novel turned movie, The Girl with the Dragon Tattoo. Larsson was a Swedish journalistic all his life who turned novelist actually months prior to his death. Ultimately, his estate was valued at upwards of $50 million Read more…

Easy Methods to Reduce Probate Costs

Probate is a procedure in which a last will and testimony is authorized by the court. The administrator is designated by the court. The administrator is responsible for paying final expenses, notifying heirs and lenders of your death and their appointment and of dispersing the property in accordance with the directions of your will. Leave Read more…

Effect of Failing to Represent Unborn Kid in an Estate Plan

When building an estate plan, it is important to account for coming kids when their conception is known. Without preparing for these children, the owner of the estate might have difficulties to his or her will, last testament or other legal files to pass down his/her possessions to dependents. Unborn Kids As soon as the Read more…

Picking Estate Fiduciaries

A fiduciary is someone who monitors possessions for you, with your best interests in mind. This may be a banks, a property management company or a trustee. Fiduciaries are not only a vital part of life; they are likewise necessary during your impairment and after your death. During the estate planning process, you should take Read more…

Non-Residents and Estate Tax

A Homeowner Non-Citizen is usually taxed for estate tax purpose as a United States Person, except for marital deduction concerns. Who is a Homeowner for Estate Tax Purposes? A U.S. estate tax functions is not the same as the meaning of “resident” for U.S. earnings tax purposes. For U.S. estate tax purposes, a resident decedent Read more…

Selecting Your Trustee Calling the Bank

Selecting your trustee is an essential option. The perfect trustee is trustworthy, good with loan, and cares about you. If you do not have a relative assistant who fits this description, you may wish to name a corporate fiduciary (a bank or trust business) to serve as a co-trustee with a relative or as the Read more…