How Is the Inheritance Tax on My Estate Paid?
August 4, 2020
Most of my money is in investments, and most of my beneficiaries will face the inheritance tax when I die.
- 1067 N. Mason Road, Suite 3, St. Louis, MO 63141
Most of my money is in investments, and most of my beneficiaries will face the inheritance tax when I die.
Under Illinois law, an individual holding a power of attorney is a fiduciary as a matter of law. The person designated as a power of attorney agent owes a fiduciary duty to the principal—the person making the designation.
Estate planning documents often are treated like the photocopied permission slip for a child’s field trip. You fill in your name, include the children’s names and dates of birth and sign. The document is filed away to be used if needed, but you really never expect it to be used.
An advanced healthcare directive – also known as a living will – is a legal document in which a person lists the specifics of medical care and comfort actions they desire, should the individual no longer be able to make decisions for themselves due to illness or incapacity.
The late ‘Siegfried & Roy’ star, Roy Horn, named lifelong friend and performance partner, Siegfried Fischbacher as the executor of his multi-million-dollar estate, according to his will filed in Las Vegas courts.
What may have seemed like something to take care of ‘one day,’ has turned into a basic necessity that makes it essential and necessary for you to encourage your clients to act now.
U.S. has been making it easier for people to access long-term savings for emergencies, trading future financial security to stay afloat.
Kenny Rogers didn’t write a lot of his greatest hits. His heirs get a little cash, when any of his recordings are played or purchased online, but that’s just a trickle of income.
External events that cause reflection are good reminders to update estate planning documents.
Both the state and federal government, administered through the Social Security Administration (SSA) and Medicaid provide disabled individuals with a variety of life enhancing, and sometimes life sustaining, public benefits.
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St Louis, MO 63141
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