
Is Estate Planning and Writing Will the Same Thing?
Many people think that estate planning and writing a will are the same. However, one is actually just part of the other.
Many people think that estate planning and writing a will are the same. However, one is actually just part of the other.
The estate of late actress Anne Heche is being sued by Lynne Mishele, the woman who was living in the home, which was destroyed after Heche’s vehicle crashed into the house and erupted into flames.
While it might seem too soon to think about this uncomfortable topic, it’s still something that needs to be carefully planned to make everyone’s life a little easier as they handle the grief of losing a loved one.
Before approaching the subject of the will, you need to consider that the loved one may be guarded and resistant to talk about it.
The important thing to acknowledge is that the emotions behind the reasons are not trivial, but are important and should not be dismissed or minimized.
There is no legal requirement that anyone give anyone else money or property when they pass. The law says that as long as you understand what you’re doing, you can give your assets to anyone you feel like giving them to, equal or not.
I’m looking for guidance on where to start with planning, in case something happens to me or my husband.
Here are four types of estate situations that could call for professional legal help.
A spendthrift trust allows you to leave funds to a beneficiary without giving them full control over those funds.
The Setting Every Community Up for Retirement Enhancement (Secure) Act upended inherited IRAs for most non-spousal beneficiaries. The 10-year rule for withdrawing from inherited IRAs eliminated the ability to stretch inherited IRAs for these beneficiaries.