How to: Organize Digital Assets
You must now make sure that your loved ones have access to your digital assets should you die.
You must now make sure that your loved ones have access to your digital assets should you die.
Taking a few simple steps now can potentially help save your beneficiaries thousands in legal fees and taxes.
Is it better to transfer the title of the home to us, or to leave it as it is given her age and go through probate?
Do you expect your parents to leave you a financial legacy? Nearly half of working-age Americans assume that they will receive an inheritance that will support them later in life, according to a survey by financial services company HSBC. Perhaps the bigger question, though, is how to even approach this topic with your parents.
The inheritance you leave could be eaten away by taxes or given to the wrong person. Here are five tips to avoid that.
Many people focus on only protecting their estate from probate. However, in the big picture, probate is the least of their worries.
It’s difficult to go a few hours without interacting with a digital account. Whether that is email, online banking or social media, many daily tasks involve digital informational storage.
Most people wish to have more control over who and how their assets are managed than what the state laws provide, and so they draft documents that can override the Laws of Intestacy, when those laws do not match their objectives.
What happens when a decedent’s will or trust does not provide for a decedent’s child?
Why wait? A variety of trusts—from SLATs to BDITs, GRATs and more—can help you be proactive in protecting your wealth.