A living will is a legal document that allows you to specify the kind of care youâd like to receive in end-of-life situations. This is different from an advance healthcare directive, though either one can be an important part of … Continue reading →
The post How to Make a Living Will appeared first on SmartAsset Blog.
A trust can be a useful estate planning tool, in addition to a will. You can use a trust to remove assets from probate, potentially minimize estate and gift taxes and ensure that assets are managed on behalf of beneficiaries … Continue reading →
The post Simple Trusts vs. Complex Trusts appeared first on SmartAsset Blog.
Medicaid is a government program that can help eligible seniors pay for nursing home care. If youâre helping an aging parent navigate Medicaid because they donât have long-term care insurance or you think youâll need it yourself someday, itâs important … Continue reading →
The post What Is Medicaid Estate Recovery? appeared first on SmartAsset Blog.
Getting married for a second time following a divorce or the death of your first spouse can feel like a fresh start. But itâs important to consider how joining your life with someone elseâs may impact your financial plan, including … Continue reading →
The post A Guide to Estate Planning for Second Marriages appeared first on SmartAsset Blog.
Estate planning can help you pass on assets to your heirs while potentially minimizing taxes. When gifting assets, itâs important to consider when and how the generation-skipping tax transfer (GSTT) may apply. Also called the generation-skipping tax, this federal tax … Continue reading →
The post What Is the Generation-Skipping Transfer Tax? appeared first on SmartAsset Blog.
A will is an important part of your financial plan. When you create a will and testament, youâre creating a legal document that determines how your assets will be distributed once you pass away. You can also use a will … Continue reading →
The post Who Can and Cannot Witness a Will? appeared first on SmartAsset Blog.
A fiduciary bond, otherwise known as a probate bond, is a protective court bond that ensures a fiduciary will honor the expectations placed on them according to the law. The fiduciary bond upholds the interests and protection of the estate … Continue reading →
The post Fiduciary Bonds: Definition, Types, Costs appeared first on SmartAsset Blog.
Making a last will and testament is an important part of your estate plan and there are different types of wills to choose from. A nuncupative will, meaning a will thatâs oral rather than written, may be an option in … Continue reading →
The post What Is a Nuncupative Will? appeared first on SmartAsset Blog.
Taking care of aging parents is something you may need to plan for, especially if you think one or both of them might need long-term care. One thing you may not know is that some states have filial responsibility laws … Continue reading →
The post An Overview of Filial Responsibility Laws appeared first on SmartAsset Blog.
A fiduciary deposit account is an account that’s owned by one or more persons but managed by another. The owner is known as the principal, while the manager is known as the fiduciary. These accounts are sometimes used to handle … Continue reading →
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