Most Americans don’t understand how much they pay in taxes. This is true of taxes in general. Most Americans, for example, believe the canard that half of all workers pay nothing in taxes. This is especially true with inheritance and estate taxes.
Where does help become undue influence?
It took nearly 30 months to sort out the €110 million fortune that George Michael left behind in his will.
Trusts fall into one of two main categories. The first category is composed of those that are established while the grantor (one who establishes the trust) is alive and are termed inter vivos (while living) trusts.
One in five Americans has married at least twice. However, a sobering 60% of second marriages end in divorce, the Census Bureau found.
Disability can strike suddenly and is one of the reasons appointing an agent on your behalf to act when you cannot, is so important.
Your obligations to your family or loved ones do not stop, even if you have already passed on. If your family, especially your children, are still heavily dependent on you, you can still provide for them through proper estate planning, even if you are no longer present.