Federal estate taxes are no longer a problem for all but the extremely wealthy. However, several states have their own estate taxes and inheritance taxes that could still hit your heirs.
Estate Planning for Children. Some Key Documents Should Be Considered Before Sending Your Child Off to College
A critical item is often missing from back-to-school college checklists — and it could be far more valuable than anything else your student takes to school this fall: signed legal documents.
As government programs do not cover all expenditures related to these categories, ABLE accounts can be used to pay for shortfalls.
Avoidance of estate taxes is one consideration in estate planning.
Regardless of the preferred record-keeping mode, most people have some sort of digital footprint, making it important to know who would have access to your digital assets if you became incapacitated and how those assets would be distributed in the event you pass away.
Is there a difference between a “living will” and a “do not resuscitate” order?