Wills & trusts : Law & Legal & Attorney
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If you are a foreigner in Spain and your mother tongue is not Spanish, a Spanish will can allow for the language that the testator prefers in addition to Spanish. There will be two columns, one column in Spanish and the other column in the second language. Prior to signing, the Notary will review th
Sadly, almost one in five people will die intestate, meaning that they have not made a will declaring how they wish their estate to be distributed after their death. One of the main reasons why people die intestate is because they considered it too morbid to contemplate their own demise while they w
The federal estate tax is charged on the transfer of a person's estate to her heirs. Some states in the United States charge an inheritance tax on top of the federal estate tax. The inheritance system taxes almost all transfers of property at death. Transfers to spouses and charities are exempt from
The purpose of this article is to give you a quick "cheat sheet" which summarizes the 10 steps discussed in my eCourse - 10 Steps to Creating a Good Estate Plan.
A fiduciary is someone who monitors assets for you, with your best interests in mind. This may be a financial institution, a property management company or a trustee. Fiduciaries are not only an important part of life; they are also essential during your disability and after your death. During the e
Discussing the Economic Growth and Tax Relief Reconciliation Act of 2001. Did you know that the act sunsets in 2010 - bringing the estate tax back with a whopping 55% top rate? Learn how you can protect your wealth across generations by buying certified, investment-grade U.S. gold coins.
A will is an important thing if you want to make it your money's worth. A lot of people think that to write a will is only for older people, which is certainly not the truth. Will making is one of the important things that one should consider for his/her beloved people.
Planning for a death is never a pleasant consideration, but aging underscores the need to make a will and how to distribute money and assets. However, the money or assets passed to your heirs may trigger the federal estate tax, otherwise known as the "death tax." The tax is paid upon the transfer of
A trust is a legal relationship that allows one or more people to share and transfer property in a way that avoids probate and can reduce or eliminate estate and inheritance taxes. A family trust is a specific type of trust that is created among family members.
A revocable trust and a will are not mutually exclusive. Both types of documents are used to transfer property to heirs after death and each has relative strengths. In fact, for some, it may be appropriate to have both a will and a trust. The primary reason to use a trust is to avoid the necessity o
A power of attorney is an agreement that allows someone else (an agent) to act on your behalf in certain matters. An estate trustee is someone you appoint to administer your estate after your death. While a POA agent and estate trustee can be the same person, they do not have to be. If you decide th
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When a friend, family member or business associate passes away, you may inherit a piece of property. This can be a good or bad thing, depending on the property obtained. It may be a casual piece of property you can live in full-time or a vacation home. If you are unable to maintain the upkeep on the
A survivorship deed and general warranty deed are examples of the different types of deed forms which transfer property from one owner to a new owner. Each of these deed forms can have an effect on the interest of ownership in the property and how it passes at one of the owners' death.