For many who may inherit the home of their parent in recent years, it may mean figuring out a plan to deal with the expense of paying the existing mortgage on the property. According to this NY Times article, the lender should be notified of the death. There are various strategies that may be implemented … More Inheriting a Home, and a Loan.
Not only is it important to make sure that your estate plan is in order by meeting with and executing various documents with your attorney, it is just as important to make sure that your loved ones are aware of all documents that you have executed, including any life insurance policies that you may have … More The 25 Documents You Need Before You Die.
The Tax Relief Act of 2010 has brought some notable changes to estate tax law. While the increase in the lifetime gift tax exemption to 5 million may leave many with a sigh of relief feeling that they may not need to get to creative since their estate is below this threshold, this Smartmoney.com article … More The New Rules of Estate Planning.
This Smartmoney.com article spells out the basic guidelines to consider when writing a Will. It explains the importance of making sure a lawyer is involved in the process to assure that it is done correctly. Using online guides such as Legalzoom.com can result in oversights as well as mistakes in execution. Read article