Posted on: February 4, 2025
A home is often one of the most important assets that people own. Therefore, most people want to stay in their homes until they die and then have a loved one receive it. One common way to pass a home to loved ones is through a will. However, transferring property with a will requires probate, […]
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Posted on: January 30, 2025
Fitness icon Richard Simmons, known for his flamboyant personality, high energy, and trademark attire, passed away in July 2024 following a fall at his Los Angeles home. This unexpected event has brought attention to the estate of Richard Simmons. Because of a legal dispute between his longtime housekeeper, Teresa Reveles Muro, and his brother, Leonard […]
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Posted on: January 27, 2025
The foundation of every successful enterprise lies in its organizational structure. While the Limited Liability Company (LLC) has become the default choice for many entrepreneurs, wisdom demands a more nuanced approach. Your business structure shapes your tax obligations, risk exposure, capital-raising potential, and legacy planning. Strategic business structure selection is crucial. Choose with foresight, for […]
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Posted on: January 23, 2025
If you recently married or have been married for a while and have acquired additional money or property (or plan to), you have options regarding how your assets can be owned. For newlyweds, joint ownership seems easy and convenient, it may not always work as well as you think it should, depending on the circumstances. […]
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Posted on: January 20, 2025
Americans often prefer to stay busy. When not working, many turn to hobbies to keep them engaged and productive. We spend hours each day on our hobbies and leisure activities. Throughout a lifetime, this time adds up to a significant investment. This post explores estate planning options for collectors and hobbyists. Our hobbies, passion projects, […]
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Posted on: January 16, 2025
Now is the perfect time to start working on an estate plan. As newlyweds, you are likely deciding which of your accounts and property (your assets) to combine and how to turn two households into one. You may also be setting up new bank accounts and creating a plan for paying shared bills and other […]
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Posted on: January 13, 2025
Americans are, quite literally, getting buried in debt, with nearly half expecting to pass away with outstanding debts.[1] This post covers how one should go about handling a deceased loved one's debts. Generally, a person’s debts do not go away when they die. Some types of debt, such as federal student loans, are typically forgiven […]
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Posted on: January 9, 2025
Many believe that once they set up and fund a revocable living trust, property held in the trust will avoid federal estate taxes after dying. In reality, a living trust provides no unique estate tax avoidance strategies. The primary mechanisms for reducing estate taxes—the unlimited marital deduction and the charitable deduction—apply whether money or property […]
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Posted on: January 6, 2025
How to Prepare for the Unexpected Getting married is a special time; you may have a beautiful wedding, a fun reception (with a delicious cake and unique gifts), and a romantic honeymoon. It is also the right time for you and your new spouse to plan for your future—for richer or poorer, in sickness and […]
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