What Is a Life Estate?
The phrase “life estate” often comes up in discussions of estate and Medicaid planning, but what exactly does it mean? A life estate is a form of joint ownership that allows one person to remain in a house until his or her death, when it passes to the other owner.
Life Insurance Can Still Play a Key Role As Part of an Estate Plan
Life insurance can be beneficial in replacing lost income for young families, but as people get older, it can also serve a purpose as part of an estate plan.
5 Things to Know to Reduce Your Tax on Capital Gains
The one tax you may be able to avoid or minimize most through planning is the tax on capital gains. Here’s what you need to know to do such planning.
Execute a Power of Attorney Before Its Too Late
A durable power of attorney is an extremely important estate planning tool, even more important than a will in many cases. But many people delay completing this vital estate planning step until it’s too late and they no longer are legally capable of doing it.