Estate Income Tax Returns
Estate Income Tax Even after a person passes away, he may continue to receive income. There may be income from a business, or rent, or interest from a bank account ...
Tax Returns for a Surviving Spouse
Filing Status In the tax year in which a spouse dies, the surviving spouse may file a joint income tax return as long as the surviving spouse did not remarry ...
Using Trusts to Protect Estate Assets
A variety of trusts exist for many different purposes. Some people have established trusts in order to protect assets from being overly taxed once they are gone. Some estate taxes ...
Will Your Estate Have to Pay to Clean up Land?
Remediation in Estate Planning Land that has hazardous materials or has been contaminated in any way that requires cleaning will be the responsibility of the owners of the land, regardless ...
A Creative Estate Plan is Priceless
Leaving Something Special for Future Generations When creating an estate plan many people focus on dividing assets and property, which is necessary. There are other things though which may have ...
Property Held in Joint Tenancy in Estate Planning
Property Held in Joint Tenancy Property which is held in joint tenancy with rights of survivorship is property held by more than one owner at the same time. All property ...
Money Changes Everything
Understanding How Assets are Divided Money, particularly large amounts of it, can wreak havoc on a family. Losing a loved one, particularly a parent, results in complicated emotions and deep ...
Inheriting Intellectual Property
Intellectual property includes patents and copyrights. Patents and copyrights give inventors, authors, artists and musicians exclusive rights to financially benefit from their creations for a limited time. They protect the ...
What Happens to Your Business When You Can’t Run It?
Three Questions to Ask about Your Business Plan 1. If tragedy struck and you suddenly passed away, or fell too ill to work, what would happen to your business? You ...
Estate Planning and the Family Cabin
Leaving the Family Cabin or Farm–and Everything in it! When we leave real property, there is often personal property in it which we may or may not intend to be ...