Persons with larger estates should review their estate plans at a set time each year. Estate plans are prepared on the basis of certain things. As these things change, so should the plan. Births, deaths, changes in marital status, changes in law, changes in residence, changes in wealth, changes in the composition and titling of [...]
Read MoreOne of the simplest techniques in estate planning for business owners is to give interests in the business to children while alive. The interests can be non-voting interests. The interests will also usually be minority interests and they qualify for a discount in value. Substantial value can be transferred this way by making initial gifts [...]
Read MoreDid you know that you must file a will within 30 days? Any person who has possession of the will of a decedent must file the will with the clerk of the probate court within 30 days of the date of death. Failure to do so if the person knows of the death is a [...]
Read MoreWhat if you forget minor items of property or it is not convenient to transfer all your property such as your checking account or car? $100,000 or less of personal property can be transferred to your heirs or the beneficiaries of your will without probate by means of a small estate affidavit. This is an [...]
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