Adults who have never been married and who do not have children often think that they do not need estate plans, especially if they are not wealthy. However, estate planning is for everyone, and even lifelong singles can benefit from having an estate plan. A common misconception is that if you are a single adult [...]
Like any other business owner, farmers need to carefully plan how the farm will be passed on to heirs. However, farmers do have some unique estate planning issues to consider. In the eyes of the law, a farm is just a type of business. Like any other business, it can be passed to other people [...]
Same-sex marriage is now legal throughout the U.S., but same-sex couples still should not rely on statutory legal protections instead of getting estate plans. When same-sex marriage was not legal in the U.S., it was vital that LGBT couples get estate plans to preserve their interests as the law provided them few, if any, legal [...]
Wills and trusts are the two pillars of estate planning and determining how assets will be passed on to future generations. You need to know whether or not you need one, the other or both. The two main ways that people pass their assets to their heirs are through a will and through a trust. [...]
Some people wonder what time of year is the best time for them to get estate plans. There are several possible answers. At first glance it might seem like an odd question, but it is one that gets asked with some frequency: What is the best time of year to plan for my estate? The [...]
In the past few years, many services have sprung up that offer to help people create their own estate plans—such as by offering them downloadable forms. These services are often inexpensive but also risky. You can find a lot of advice on the Internet that will tell you that estate planning really is not that [...]
If no changes are made, then eventually the Social Security trust fund will run out of money. One of the commonly proposed solutions is to increase the amount that the wealthy pay in taxes. But will it work? Because of America’s changing demographics and aging population, it is expected that the Social Security trust fund [...]