What Is The Difference Between A Will And A Trust?
A Will and a Trust serve different purposes. Most people don`t have either one. A Will and a Trust are similar in the effect that both let you designate exactly how you want your assets and other …
more
What Is An Estate Tax?
The Estate Tax is a tax on the value of your property transfered to your hiers upon your death. The federal government allows every person to give away, either through lifetime gifts or upon …
more
Legal Articles
Estate Taxes: How to Legally Minimize Your Obligation
People often say that there two things that unavoidable in life: death and taxes. So, to some it seems unfair when the two coincide and estate taxes are required to be paid on the assets that remain at the time of their death. The estate tax rate is 45%, or almost one half of the assets left in your estate. Accordingly, many people are interested in learning how to minimize …
more
What are the advantages of purchasing an annuity for estate planning purposes?
There are several reasons that purchasing an annuity can be advantageous for estate planning purposes. Although annuities are typically invested by insurance companies in the stock market, they carry less risk because they provide periodic income for you to the rest of your life, and they provide a death benefit to your named beneficiary if you die before receiving payments from your …
more