Estate Planning And Wills
By Nick DiUlio Let’s face it—end-of-life planning isn’t fun. The topic can seem morose, depressing -- maybe even a little
I've heard an ethical will described as "an estate-planning love letter to your family." I like that idea. Your legacy is
Money they say brings out the worst in people especially when it involves a valuable estate left behind by a loved one. The time, money and emotions invested in contesting a will for example is often times worth more than the will itself. In the end there's hardly anything left of the estate to be distributed, relationships are destroyed and in really bad cases, lives are lost.
3. Tax materials. If a family member dies or becomes incapacitated, tax matters still need to be attended to. If you work
Estate planning is a daunting topic. It's morbid to think about all of the "what ifs." What if something were to happen and one of your family members were to get seriously injured on the trip? What if catastrophe struck?
Settling the affairs of a parent who recently has died presents a family with emotional and practical challenges. Primary among those is attending to the family finances.
How could a man who fought so hard to re-gain control over his musical legacy not have created a plan for it after he died? How could a man with a philanthropic heart not have cemented his charitable legacy with testamentary gifts? Et tu, Prince?
If this is you, here's why you need to change that.
For more updates, follow Carrie on LinkedIn and Twitter. Consult with an estate planning attorney I have two grown sons: one
You spent the last 15 years of your life building your business from ground zero to a million dollars. In the event of your untimely demise, the government slaps an estate tax or death tax on your business and reduces the worth of your business by 50 percent.