Downs Law Firm, P.C.
Learn from a teen’s loss of a $250K inheritance and discover how inheritance trusts can protect and guide your family’s future financial decisions.
Discover why updating your estate plan is crucial for securing your legacy. Don’t wait for a life event to make necessary changes.
If the strategy is executed properly, an individual can disclaim interest in an inherited IRA and avoid any of the gift and income tax consequences associated with receiving the property.
While a will is one of the most important estate planning documents you can have, there are things that a will won’t cover.
Navigating the often complex world of inherited individual retirement accounts (IRAs) can be daunting, especially in the wake of losing a loved one.
You should not name a legal minor as a beneficiary. This applies to almost all legal documents, most notably wills and life insurance policies.
Who you choose as the annuity beneficiary may impact how the annuity income is taxed if you pass away.
Naming secondary beneficiaries can help estate planners avoid the delay and costs of going through probate, as well as ensure that your wishes are carried out.
It’s hard for a family to recuperate when the patriarchs and matriarchs have gone to glory, leaving a battle for who will carry the family’s leadership role and manage the family’s transition of wealth.
This is an important question to ask, because the answer could tell you whether you need to worry about estate taxes, beneficiary issues or probate concerns.
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