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 →
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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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When creating an estate plan, one of the most basic documents you may wish to include is a will. If you have a more complicated estate, you might also need to have a trust in place. Both a will and … Continue reading →
The post Per Stirpes vs. Per Capita in Estate Planning appeared first on SmartAsset Blog.
Inheriting property or other assets typically involves filing the appropriate tax forms with the IRS. Schedule K-1 (Form 1041) is used to report a beneficiaryâs share of an estate or trust, including income as well as credits, deductions and profits. … Continue reading →
The post A Guide to Schedule K-1 (Form 1041) appeared first on SmartAsset Blog.
Drafting a last will and testament can help to ensure that your assets are distributed according to your wishes after you pass away. You can also use your will to name a legal guardian for minor children or choose an … Continue reading →
The post How to Change the Executor of a Will appeared first on SmartAsset Blog.
When someone passes away leaving debts behind, you might be wondering if you have any personal liability to pay them. If you have aging parents, for instance, you may be worried about having to assume responsibility for their mortgage payments, … Continue reading →
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