Tag Archives: wills

If I sign my assets over to my children now, will they have to claim as income and be taxed?

by R. Dennison Keller, Lawyer Referral Service Panelist If you give assets to your children, it will not be income to them.  It is a gift.  The gift will not be taxable per se unless the gift exceeds $14,000 and … Continue reading

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How often should I update my estate planning documents?

Every 5 years is a good benchmark to update your estate planning documents, unless there is some intervening event or diagnosis that would require a change in planning. Continue reading

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What is the most important piece of estate planning?

The most important piece of your estate planning at death is certainly a will or trust. Continue reading

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Why do I need a last will and testament?

The function of a will is generally to direct who is to receive your property, including your money and personal possessions, and who is to be your Executor, that is, the person who will oversee that your property goes where you want it to. Continue reading

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