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
The Uniform Transfers to Minors Act: An Overview
The Uniform Gift to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA) provide a way for parents to maintain control over property that is owned by their children. The Uniform Transfers to Minors Act provide some unique advantages for families and should be considered by parents who are looking to transfer wealth to their minor children. Some of the advantages of the …
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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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