Should I List Beneficiaries on my Life Insurance?
Here are three smart moves to make when picking (or adjusting) your life insurance beneficiaries.
Estate Planning, Inflation and Interest Rates—Have You Adjusted?
One goal of estate planning is to bring some certainty to a multitude of variables. Recent increases in inflation, interest rates and market volatility, however, are causing some experts to reassess their options.
How Do I Ask My Parents About Their Estate Plan?
Before approaching the subject of the will, you need to consider that the loved one may be guarded and resistant to talk about it.
How Does an Irrevocable Life Insurance Trust Work?
Life insurance is often a cornerstone of a comprehensive estate plan, particularly when an estate consists of largely illiquid assets.
Estate Planning Considerations for Minor Children
When preparing estate planning documents, certain beneficiaries may need more protection than others. One particular class of beneficiaries that needs to be intentionally considered is minor children.
No Inheritance Tax for King Charles III
King Charles III has ascended to the U.K. throne, but he won’t have to pay the U.K.’s inheritance tax on the massive wealth he inherits from his late mother, Queen Elizabeth II. That’s because of a deal the royals made with the government nearly 30 years ago.
Problems Created When No Will Is Available
People who have had a serious case of COVID-19 are 66% more likely to engage in estate planning, and 32% of adults under 35 said they wrote a will because of the pandemic.
How Not to Build a Family Football Dynasty
A decade before his death, the billionaire owner of the Denver Broncos consulted with attorneys about the orderly handover of the team after his death. He crafted a carefully delineated trust that his hand-picked trustees would oversee.
Did Actress Anne Heche have a Will?
The oldest son of Anne Heche has filed a petition to assume control of the late actress’s estate.
Why Is It Important to have an Estate Plan?
The new Federal Estate tax limit (above which Federal estate taxes will be payable) is $11,200,000.00 per person. Yes, most of us will not hit that limit, but 19 of the 50 states, Illinois included, impose an estate tax of their own ranging from .25% to almost 20% of your estate.