For many an individual retirement account (IRA) is not only a form of retirement savings but also a way to provide for loved ones after they have passed. IRA owners may want to dictate when beneficiaries can access the IRA and how they can use the money. To do so, owners will need to name a trust as the beneficiary and create an IRA trust.
A CRT is a great way to pursue your philanthropic goals while also providing for yourself or other beneficiaries listed in your trust and can be a very important tool in minimizing your overall tax burdens. It is one of many estate planning tools you can use to protect your assets and provide for your family after your death.
It's a sad but all too common reality that the largest contributing factor to generational loss of wealth are family members who aren't able or willing enough to communicate with heirs. Although it can be difficult to talk about money, it's important to see an Ohio Estate Planning Attorney and get your documents in order. That way, you can reduce conflict by making your wishes known to your heirs and intended beneficiaries.
Settlement amounts for car accidents can vary widely based on a number of factors. It all depends on when you settle, what damages you have, how much those damages are, and how well you prove your case.
In short, yes. Your trust can own your business after you die. However, there are several factors to consider before you put your business in a trust.
Your deposition is an important part of your case, but also one of the most intimidating parts. Here we offer some recommendations on how to make the deposition go as smoothly as possible.
Whether you're in the market for a second home or are already a proud owner, understanding the nuances of ownership can help you get the most enjoyment – and value – out of your property. Here are five things to keep in mind.
An irrevocable life insurance trust is created to own and control a life insurance policy while the owner is still alive, and to manage and distribute the benefits that are paid out at death. An irrevocable life insurance trust can help ensure that your assets are distributed according to your wishes.
Property owners are required to keep a safe environment for their visitors. If you are harmed or injured on someone else’s property, the property owner may be liable to you through premises liability. Common examples of these types of accidents are a slip and fall at a restaurant or a postage carrier falling in your driveway. This article will discuss how to determine whether a property owner is liable when a person is injured on their property.
Most Americans have some type of debt. The obligation to pay debts does not necessarily go away when a person dies. While most debts are paid by the deceased’s estate (money and property owned by the decedent at their death), you may be responsible for paying off remaining debts. You should discuss questions about your debt payment obligations and rights with an estate administration attorney or probate attorney.
