When a family member dies, the administrative process of settling the deceased's estate is called probate. If a person has a detailed will, the process is usually not complicated - any creditors and tax responsibilities the deceased had are paid and any items that the...
Estate planning uses legal instruments such as wills and trusts to distribute assets among a testator's heirs. Spiritual estate planning uses a testator's financial values to determine the assets that each decedent receives from a will or trust. Charity Navigator, a...
Preparing an estate plan can be complicated when a family or closely held business is involved. Any disruption in passing along control of business assets and decisions to heirs could have a significant effect on the business itself. Business succession planning is...
Estate planning is important regardless of whether your assets total $10,000 or $100 million. Either way, it's critical to have good legal advice and to understand the laws that can affect your assets. While having $100 million in assets is rare, that's the figure at...
