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 …
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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 …
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Legal Articles
Naming Children as Life Insurance Beneficiaries
Many people purchase life insurance to provide for their children. As the term implies, life insurance is an insurance plan that allows a parent, or other policy holder, to continue to provide financially for the beneficiaries after the parent’s death. Life insurance can provide income for the day to day support of a child and it can provide funds for long term or larger …
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What Happens When a Person Dies Without a Will
If you want to make sure that your property is distributed according to your personal wishes at the time of your death, then it is important to have a properly drafted and executed will. However, the law recognizes that there will be some cases when a valid will is not in place at the time of a person’s death and that a decedent’s property will need to be distributed according …
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