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What are Primary Testamentary Estate Planning Documents?

What are Primary Testamentary Estate Planning Documents?

POSTED ON: November 1, 2023 BY: Troy Werner
When someone dies, one of the first questions the attorney will ask is what primary estate planning instrument the decedent had in place.
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Who Received Betty White’s Estate?

Who Received Betty White’s Estate?

POSTED ON: October 31, 2023 BY: Troy Werner
However, [Betty White] did have pets of her own and it's believed she had set up a pet trust to ensure that her pets were well taken care of after her death.
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Should You Rethink Your Trust?

Should You Rethink Your Trust?

POSTED ON: October 30, 2023 BY: Troy Werner
While this is an admirable goal, a trust may not be the only way to avoid probate.
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Do I Have to Pay Taxes on Trusts?

Do I Have to Pay Taxes on Trusts?

POSTED ON: October 27, 2023 BY: Troy Werner
Trust distributions might be taxable, with the tax liability potentially varying based on factors, such as the type of trust, the kind of distributions and a beneficiary’s tax bracket.
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What Happens When the Second Parent Passes?

What Happens When the Second Parent Passes?

POSTED ON: October 26, 2023 BY: Troy Werner
However, settling the second spouse's affairs was more complex, even with advance planning. Everything from wills to banking to tax returns became more complicated.
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Estate Planning and Tax Planning for Business Owners

Estate Planning and Tax Planning for Business Owners

POSTED ON: October 25, 2023 BY: Troy Werner
This article will explore key considerations and actionable insights for business owners to reduce their tax burden, protect their assets and facilitate a smooth wealth transition.
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What’s Most Important in Estate Planning?

What’s Most Important in Estate Planning?

POSTED ON: October 24, 2023 BY: Troy Werner
In the next decade, 15% of American adults expect to receive an inheritance, according to the latest findings from the New York Life Wealth Watch survey. However, they’re not all confident they’ll be able to manage the funds. On average, adults who expect to receive an inheritance anticipate receiving $740,000. However, just 42% feel very comfortable handling that new wealth.
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Where Should I Store My Will?

Where Should I Store My Will?

POSTED ON: October 23, 2023 BY: Troy Werner
Aretha Franklin did what she was supposed to in drawing up a last will and testament, but a crucial mistake left her multimillion-dollar estate in chaos.
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Estate Plan can Ease Anxiety and Confirm Legacy

Estate Plan can Ease Anxiety and Confirm Legacy

POSTED ON: October 20, 2023 BY: Troy Werner
Preparing for the future supports the causes you believe in and provides peace of mind for you and your heirs.
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Have Estate Plan Checkup before Heading to Warmer Winter

Have Estate Plan Checkup before Heading to Warmer Winter

POSTED ON: October 19, 2023 BY: Troy Werner
If you are headed somewhere warm to spend the winter months, you will want to be sure you have everything in order before you go.
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