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Who Pays the Tax on a Special Needs Trust?

The main financial vehicles of supporting disabled individuals—the special needs trust and the Achieving a Better Life Experience (ABLE) account—both come with special tax conditions that advisors need to consider.

Posted on: August 13, 2021

Does Estate Planning Vary by State?

Whether you've recently moved to Florida or are a ‘snowbird’ with Florida residency, there are important reasons to consider updating your estate plan.

Posted on: August 12, 2021

Do You Need a Revocable Trust or Irrevocable Trust?

Trust funds are not just for the ultra-rich. These sophisticated estate-planning tools can make just as much sense for middle-class Americans who own a home and have a net worth of at least $100,000.

Posted on: August 11, 2021

Does a Beneficiary on a Bank Account Override a Will?

Beneficiaries, in general, are people or entities that the holder of an account designates to receive the assets in the account, typically, in the event of the account holder’s death.

Posted on: August 10, 2021

How Do You Survive Financially after Death of Spouse?

The death of a spouse is one of the most difficult things imaginable. Besides the emotional toll, surviving spouses typically confront financial issues, which often trigger tax-related questions and consequences.

Posted on: August 9, 2021

How Do I Stop Heirs from Foolishly Wasting Inheritance?

One of the biggest concerns a trust creator might have is that the beneficiary would squander their inheritance or that the beneficiary’s creditor would attach the inheritance to cover the beneficiary’s debt.

Posted on: August 7, 2021

Can I Set Up a Trust for an Adult Child?

Creating a will is important for all adults, but particularly those who have dependents—including adult dependents. Adding a trust to your estate plan can provide even more guidance.

Posted on: August 6, 2021

What Happens If You Inherit a House with a Mortgage?

If you have a mortgage, you might worry about what that means for your heirs and loved ones. Will they be able to keep your home, and who will be responsible for paying for it?

Posted on: August 5, 2021

How Do You Split Estate in a Blended Family?

A second marriage can be a balm for the heartache of losing a spouse, be it through death or divorce. Nevertheless, if there are children or other heirs involved, you should consider carefully what will happen with your money and possessions when you pass on.

Posted on: August 4, 2021

What to Do with Estate Plan when Loved One Dies

The death of a family member or loved one is a tragic experience for many. While grieving, it is especially stressful because of the funeral planning and estate planning the immediate family will have to take care of.

Posted on: August 2, 2021