On September 27 of this year Congressional Republicans and President Trump released their plan for tax reform. You can read whole thing at this link: https://www.treasury.gov/press-center/press-releases/Documents/Tax-Framework.pdf The main points of the so-called Unified Framework are as follows: -Standard deductions will be increased. -There will be three tax brackets (12%, 25% [...]
Question: Do you need to update your will when you move to a new state? Answer: Yes, you should update your will when you move. Wills are governed by state law and should be updated to reflect the law in the new state of residence. Wills are a very [...]
What is a Trust and do you need one? You've probably heard about trusts on popular TV and radio shows. Here are answers to some frequently asked questions about trusts: Trusts - Defined A Trust, or Revocable Living Trust, is an estate planning document that states who you want to [...]
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These famous people took the concept of leaving their final wishes in their last will and testament to a whole new level. Here are some strange will requests by famous people: Napoleon Bonaparte: Wanted his head shaved and his hair divided among his friends. Ben Franklin: Left his daughter 408 [...]
One step of the probate process is dealing with probate creditors. This includes identifying and notifying the creditors of the deceased and settling the deceased's debts. After death, a personal representative (the PR), assigned by either a written will or by the court, will handle the estate left by the [...]