Tag Archives: Beneficiaries
5 Important Facts About The New Estate Tax
In December 2010 Congress enacted the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. This law created an entirely new estate tax regime. To understand the extent of the change, it is important to remember where we were prior to the new law. In 2009, the maximum federal estate tax was… Read More »
What Is A Durable Power Of Attorney Anyway?
So many people come in to see me and are convinced that they need a Durable Power of Attorney (DPOA). When I ask them why, they don’t know. Further probing usually reveals that they aren’t quite sure what a DPOA actually is. Let me see if I can explain the idea. Simply put, a… Read More »
The 5 Most Important Reasons To Have A Will
Avoid Intestacy Laws If you never get around to getting a Will, don’t worry – the legislature will write one for you. If you die without a will you are “intestate” and the intestacy laws of your state govern what happens to your property. In almost all situations the legislature’s idea of what should… Read More »